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.