Business, 06.04.2020 22:37 dabicvietboi
Krepps Corporation produces a single product. Last year, Krepps manufactured 33,100 units and sold 27,800 units. Production costs for the year were as follows:
Direct materials $ 248,250
Direct labor $ 145,640
Variable manufacturing overhead $ 274,730
Fixed manufacturing overhead $ 595,800
Sales totaled $1,320,500 for the year, variable selling and administrative expenses totaled $164,020, and fixed selling and administrative expenses totaled $205,220. There was no beginning inventory. Assume that direct labor is a variable cost.
Under variable costing, the company's net operating income for the year would be .
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Krepps Corporation produces a single product. Last year, Krepps manufactured 33,100 units and sold 2...
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