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 7,400
The following information is available for Barnes Company for the fiscal year ended December 31:
Beginning finished goods inventory in units 0
Units produced 7,400
Units sold 5,300
Sales $ 1,272,000
Materials cost $ 148,000
Variable conversion cost used $ 74,000
Fixed manufacturing cost $ 592,000
Indirect operating costs (fixed) $ 86,500
The variable costing operating income is:
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
