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yKpoI14uk [10]
3 years ago
9

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

elling price $ 90 Units in beginning inventory 0 Units produced 3,400 Units sold 3,000 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 38 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 54,400 Fixed selling and administrative expense $ 3,000 What is the net operating income for the month under absorption costing
Business
1 answer:
harkovskaia [24]3 years ago
4 0

Solution :

The net operating income under absorption costing.

Sales (3000 x $ 90)                                                  $ 2,70,000

Less : The cost of the goods sold (3000 x $ 81)     $ 2,43,000

Gross margin                                                             $ 27,000

Less : The selling general and the administrative  $ 15,000

expenses (3000 + 12000)        

Net operating income                                               $ 12,000 (loss)

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Answer:

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Answer:

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Explanation:

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<u>COGS                     ($17,180)     </u>

Gross profit             $2,788

<u>Taxes 30%             ($836.40)   </u>  

Net profit                $1,951.60

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