Question
14. Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 108 Units
14. Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
| Selling price | $ | 108 | |
| Units in beginning inventory | 0 | ||
| Units produced | 8,900 | ||
| Units sold | 8,500 | ||
| Units in ending inventory | 400 | ||
| Variable costs per unit: | ||
| Direct materials | $ | 17 |
| Direct labor | $ | 59 |
| Variable manufacturing overhead | $ | 5 |
| Variable selling and administrative expense | $ | 9 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 133,500 |
| Fixed selling and administrative expense | $ | 8,700 |
What is the net operating income (loss) for the month under variable costing?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
