Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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Curtis Incorporated, which has only one product,
has provided the following data concerning its most
recent month of operations:
Selling price
Units in beginning inventory
$ 123
0
Units produced
6,400
Units sold
6,100
Units in ending inventory
300
Variable costs per unit:
Direct materials
$ 45
Direct labor
$ 30
Variable manufacturing overhead
$ 1
$ 8
Variable selling and administrative
Fixed costs:
Fixed manufacturing overhead
$ 1,40,800
Fixed selling and administrative
$ 91,500
What is the net operating income for the month
under variable costing?
a. $6,600
b. $5,600
c. $(17,200)
d. $12,200
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Transcribed Image Text:Curtis Incorporated, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory $ 123 0 Units produced 6,400 Units sold 6,100 Units in ending inventory 300 Variable costs per unit: Direct materials $ 45 Direct labor $ 30 Variable manufacturing overhead $ 1 $ 8 Variable selling and administrative Fixed costs: Fixed manufacturing overhead $ 1,40,800 Fixed selling and administrative $ 91,500 What is the net operating income for the month under variable costing? a. $6,600 b. $5,600 c. $(17,200) d. $12,200
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