Peterson Corporation produces a single product.Data from the company's records for last year follow: Under variable costing, net operating income would be:
A)$217, 000
B)$307, 000
C)$352, 000
D)$374, 500

Question

Peterson Corporation produces a single product.Data from the company's records for last year follow:  Under variable costing, net operating income would be:
A)$217, 000 
B)$307, 000 
C)$352, 000 
D)$374, 500

Quizplus · Accepted Answer

Variable manufacturing cost per unit = $630, 000 ÷ 70, 000 units = $9 per unit
Variable costing income statement
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Peterson Corporation Produces a Single Product