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 4,800
The following information is available for Barnes Company for the fiscal year ended December 31:
| Beginning finished goods inventory in units | 0 | ||
| Units produced | 4,800 | ||
| Units sold | 4,000 | ||
| Sales | $ | 400,000 | |
| Materials cost | $ | 96,000 | |
| Variable conversion cost used | $ | 48,000 | |
| Fixed manufacturing cost | $ | 72,000 | |
| Indirect operating costs (fixed) | $ | 80,000 | |
The variable costing operating income is:
Multiple Choice
-
$120,000
-
$140,000
-
$104,000
-
$128,000
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
