Kosco Corporation produces a single product.The company's absorption costing income statement for March follows: During March, the company's variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5, 000. Net operating income under variable costing for March would be:
A)$7, 200
B)$7, 000
C)$7, 600
D)$6, 800

Question

Kosco Corporation produces a single product.The company's absorption costing income statement for March follows:  During March, the company's variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5, 000. Net operating income under variable costing for March would be:
A)$7, 200 
B)$7, 000 
C)$7, 600 
D)$6, 800

Quizplus · Accepted Answer

The Answer of Kosco Corporation produces a single product.The company's absorption costing income statement for March follows:  During March, the company's variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5, 000. Net operating income under variable costing for March would be:
A)$7, 200 
B)$7, 000 
C)$7, 600 
D)$6, 800

Kosco Corporation Produces a Single Product