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A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units):t t Direct materialst $ 140,000
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units):\t \t Direct materials\t $ 140,000 Direct labor\t 40,000 Variable factory overhead\t 20,000 Fixed factory overhead\t 4,000 $204,000 Operating expenses:\t \t Variable operating expenses\t $ 34,000 Fixed operating expenses\t 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, what is the amount of manufacturing income statement
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