Swan Textiles Inc. produces and sells a d operation, 2,200 units were produced a

Question

Swan Textiles Inc. produces and sells a d operation, 2,200 units were produced and 1,800 units were sold. Actual fixed costs are the same amount budgeted for the month. Other information for the month includes Variable manufacturing costs $22.00 Variable marketing costs Fixed manufacturing costs Administrative expenses, all fixed $19.50 Ending inventories: Direct materials WIP ecorative pillow for $98.00 per unit. In the first month df per unit per unit per unit per unit $3.90 $14.00 minus-0minus- minus-Ominus- 400 units Finished goods What is the operating income using variable costing? $56,080 This is the correct answer

Explanation / Answer

Sales 176400 Less Variable Cost Manufacturing cost =22*1800 39600 Markeing cost =22*1800 7020 Contribution 129780 Less Fixed Cost Manufacturing cost=14*2200 30800 Admin expenses =19.5*2200 42900 Operating Income 56080

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