What is the net operating income, Cost Accounting

Assignment Help:

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

selling price $140

units in begining inventory 0
units produces 1,200
units sold 800
units in ending inventory 400
Variable cost per unit:
direct materials $25
direct labors $41
variable manufacturing overhead $6
variable selling and administrative $6
Fixed cost:
fixed manufacturing overhead $24,000
fixed selling and administrative $12,000

- What is the net operating income for the month under variable costing?
- make variable costong income statement.

 


Related Discussions:- What is the net operating income

Estimate cost of financing, Calculate the equal monthly payments and the co...

Calculate the equal monthly payments and the cost of financing on a 10-year mortgage. The cash value of the house today is $500,000. You are paying monthly at a fixed rate of 6% pe

Determine the overhead allocation rate, Vintage Auto Company manufactures p...

Vintage Auto Company manufactures parts to order for antique cars. Vintage Auto makes everything from fenders to engine blocks. Each customer order is treated as a job. Vintage Aut

Meaning of budget, BUDGET A BUDGET is a quantitative expression of a ...

BUDGET A BUDGET is a quantitative expression of a business plan for a particular future period, generally a year. BUDGET is the planned future course of action. BUDGET

Stores layout and location - material handling, Stores layout and location ...

Stores layout and location - Material Handling The layout of stores must ensure as a) For movement of material, ease of access out and in of stores b) The issue of peris

measure the idle time variance, PH plc operates a modern factory that chan...

PH plc operates a modern factory that changes chemicals into fertilizer. Due to the the demand for  its product  is  seasonal,  the  company expects  that  there will be an average

Absorption costing, Absorption Costing The process described in this s...

Absorption Costing The process described in this section by that net overheads are absorbed into production naturally enough is identified as absorption costing.  The absorpti

Component of fixed overheads variance, Component of Fixed Overheads Var...

Component of Fixed Overheads Variance Fixed Overhead Expenditure Variance The fixed overhead expenditure variance is the dissimilarity between the actual fixed expend

Cash flow budget, the total (ie. aggregated) cashflows in respect to operat...

the total (ie. aggregated) cashflows in respect to operations, with details of annual cash inflows & annual outflows in respect to operations, the total (ie. aggregated) cashflo

What are fixed costs, The costs that are fixed irrespective of manufacture ...

The costs that are fixed irrespective of manufacture are fixed costs. EX: Rent, Depreciation. Fix cost is those cost who not alter in any time whether the production done or not

What is the division''s margin, Eckels Wares is a division of a major corpo...

Eckels Wares is a division of a major corporation. The following data are for the latest year of operations: Sales

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd