Question
ATCOY, Ltd. is a manufacturer that reports the following information from the current month for its product. Sales price $27.00 per unit Manufacturing costs incurred
ATCOY, Ltd. is a manufacturer that reports the following information from the current month for its product.
Sales price | $27.00 per unit |
Manufacturing costs incurred this month: |
|
DM | $8.50 per unit |
DL | $6.25 per unit |
Variable OH | $3.75 per unit |
Fixed OH | $378,000 per month |
Non-Manufacturing (i.e. Selling and Administrative) costs incurred this period: |
|
Variable S&A | $0.80 per unit |
Fixed S&A | $224,000 per month |
Units in finished goods inventory, beginning of the month | 0 |
Units produced this month | 140,000 |
Units sold this month | 120,000 |
Calculate net income for the period using variable costing.
Group of answer choices
$476,000
$413,000
$376,000
$322,000
None of the other answers are correct
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