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

Cvp for multiple products, CVP for Multiple Products What number of bus...

CVP for Multiple Products What number of businesses sells only one manufactured goods? The reality is that firms usually give us the diverse product line, and the individual pr

four decisions for which abc information is useful, What are the key reaso...

What are the key reasons for product cost differences among traditional costing system and ABC systems? Explain four decisions for which ABC information is useful?

Optimise manufacturing cost, Optimise Manufacturing Cost Of late it is...

Optimise Manufacturing Cost Of late it is perceived that in order to optimise manufacturing cost, a product might be designed and financed in one country; its material /compon

Accounting for labour costs, Accounting for Labour costs We will conta...

Accounting for Labour costs We will contain an overview of accounting for labour costs as: a) Gross Earnings It is illustrated as item A that appears like a credit i

Assignment of variance in variance calculation, Assignment of Variance in V...

Assignment of Variance in Variance Calculation In variances calculating, the calculations require to be detailed sufficient hence the responsibility for the variance can be a

Shrinkage - production process, Shrinkage - Production Process This re...

Shrinkage - Production Process This refers to a disappearance or loss of material inputs utilized throughout the production process. It happens mainly via the evaporation. Thi

Storing and issuing materials, what is the equivalent unit for materials? i...

what is the equivalent unit for materials? if the cost of normal lots units are absorbed by the units transferred out to the next department the work in process- beginning (60% com

Distinction between absorption and marginal costing, Distinction between Ab...

Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference

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