10. SquareDeal Mfg manufactures tables and desks, which are sold in sets of 4 ch

Question

10. SquareDeal Mfg manufactures tables and desks, which are sold in sets of 4 chairs to a table to businesses, schools, and public facilities. They reported the following financial information for last year Direct Labor Production Manager Salary Factory Rent Equipment Maintenance Equipment Depreciation Production for the year Total Revenue Total table and chair sets sold during the period Operating Income under absorption costing 20,000 hrs $15/hr $80,000 $60,000 $5,000 (considered a variable expense) $25,000 35,000 units $12,000,000 30,000 6 (after non-production expenses) $5,000,000 What would Operating Income be under variable costing? (Round per-unit costs to the nearest cent.) A. $4,756,350 B. $4,976,450 C. $5,025,235 D. $4,658,125 Chapter 8 11. Bubbling Beverages Gn nrnd

Explanation / Answer

Net operating income absorption costing 5000000 Less Ending inventory Fixed manufacturing -23550 (30000-35000)*4.71 Net operating income variable costing 4976450

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