Elder Company, which has only one product, has provided the following data co...
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Elder Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price
|
£127
|
|
|
Units in beginning inventory
|
0
|
Units produced
|
8,100
|
Units sold
|
7,700
|
Units in ending inventory
|
400
|
|
|
Variable costs per unit:
|
|
Direct materials
|
£27
|
Direct labour
|
£59
|
Variable manufacturing overhead
|
£7
|
Variable selling and administrative
|
£8
|
|
|
Fixed costs:
|
|
Fixed manufacturing overhead
|
£113,400
|
Fixed selling and administrative
|
£77,000
|
What is the net operating income for the month under variable costing?
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