Last year, Harold Company produced 2,000 units and sold 1,000 units. The company had no beginning...

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Last year, Harold Company produced 2,000 units and sold 1,000 units. The company had no beginning inventory. Harold incurred the following costs: Direct materials per unit Direct labor per unit $30 $15 Variable overhead per unit $13 $12,000 Total selling and administrative (all fixed) $22,000 $180 Total fixed manufacturing overhead Sales price per unit Operating income under variable costing is Last year, Harold Company produced 2,000 units and sold 1,000 units. The company had no beginning inventory. Harold incurred the following costs: Direct materials per unit Direct labor per unit $30 $15 Variable overhead per unit $13 $12,000 Total selling and administrative (all fixed) $22,000 $180 Total fixed manufacturing overhead Sales price per unit Operating income under variable costing is

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To calculate the operating income under variable costing we need to consider the costs and revenues ... View the full answer