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Hatfield Corporation, which has only one product, has provided the following data concerning its most recent...

Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $123 Units in beginning inventory 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 Variable selling and administrative $8 Fixed costs: Fixed manufacturing overhead $140,800 Fixed selling and administrative $91,500 What is the net operating income for the month under variable costing?

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Answer #1
unit product cost
direct materials 45
direct labor 30
variable manufacturing overhead 1
total unit product cost 76
sales (6100*123) 750300
less:Variable cost
variable cos tof good sold (6100*76) 463600
Variable selling & adm (6100*8) 48800
512400
Contribution margin 237900
Fixed expense
fixed manufacturing overhead 140,800
Fixed selling & Adm expense 91500
232,300
Net operating income 5,600
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