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Farron Corporation which has only one product has provided the following data concerning its most recent month of operations Selling price $96 Units in beginning inventory 0 Units produced

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

  Selling price $96
  Units in beginning inventory 0
  Units produced 8,750
  Units sold 8,350
  Units in ending inventory 400
  Variable costs per unit:  
    Direct materials $14
    Direct labor $56
    Variable manufacturing overhead $2
    Variable selling and administrative $6
  Fixed costs:  
    Fixed manufacturing overhead $131,250
    Fixed selling and administrative $8,400

What is the net operating income for the month under variable costing?

A-$10,650

B-$(18,150)

C-$16,650

D-$6,000

 

Apr 08 2020 View more View Less

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