Question

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

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

Selling price $ 133
Units in beginning inventory 950
Units produced 8,850
Units sold 8,950
Units in ending inventory 850
Variable costs per unit:
Direct materials $ 29
Direct labor $ 46
Variable manufacturing overhead $ 10
Variable selling and administrative expense $ 20
Fixed costs:
Fixed manufacturing overhead $ 70,800
Fixed selling and administrative expense $ 164,200

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

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

Homework Answers

Answer #1
Sales 1190350 =8950*133
Variable expenses:
Variable cost of goods sold 760750 =8950*(29+46+10)
Variable selling and administrative expenses 179000 =8950*20
Total Variable expenses 939750
Contribution margin 250600
Fixed expenses:
Fixed manufacturing overhead 70800
Fixed selling and administrative expenses 164200
Total Fixed expenses 235000
Net operatimg income(loss) 15600
Net operating income for the month under variable costing $15600
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