The beginning finished goods inventory costs were $3,200 under absorption costing and $3,120 under variable costing. What is the operating income using variable costing?

 

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tent/236722/viewContent/9217508/View Barrett, Inc. reports the following information for the year ended December 31: Beginning Finished Goods Inventory Units produced Units sold 60 units 410 units 470 units $140 per unit $25 per unit $14 per unit $13 per unit $15,400 per year Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $8 per unit $12,500 per year O A. $37,600 O B. $1,300 O C. $9,700 O D. $37,900 Click to select your answer. Reflect in ePortfolio Activity Details Task: View this topic Overout March 26 10 o0 AM tent/236722/viewContent/9217508/View Barrett, Inc. reports the following information for the year ended December 31: Beginning Finished Goods Inventory Units produced Units sold 60 units 410 units 470 units $140 per unit $25 per unit $14 per unit $13 per unit $15,400 per year Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $8 per unit $12,500 per year O A. $37,600 O B. $1,300 O C. $9,700 O D. $37,900 Click to select your answer. Reflect in ePortfolio Activity Details Task: View this topic Overout March 26 10 o0 AM

Answer rating: 100% (QA)

Variable Costing Income Statement Sales 470 units x 140 65800 Less Variable Cost of goods D... View the full answer