Question
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 7,600
The following information is available for Barnes Company for the fiscal year ended December 31:
| Beginning finished goods inventory in units | 0 | ||
| Units produced | 7,600 | ||
| Units sold | 5,400 | ||
| Sales | $ | 1,296,000 | |
| Materials cost | $ | 152,000 | |
| Variable conversion cost used | $ | 76,000 | |
| Fixed manufacturing cost | $ | 646,000 | |
| Indirect operating costs (fixed) | $ | 87,000 | |
The variable costing operating income is:
Multiple Choice
-
$393,000
-
$413,000
-
$377,000
-
$401,000
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
