Answer the following questions using the information below:
Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:
-What is operating income using variable costing?
A) $52,500
B) $78,750
C) $65,750
D) $47,000
Correct Answer:
Verified
Q25: Charlassier Corporation manufactures and sells laptop computers
Q28: The gross-margin format of the income statement:
A)is
Q28: The main difference between variable costing and
Q29: Answer the following questions using the information
Q30: The contribution-margin format of the income statement:
A)is
Q31: For 2011, Nichols, Inc., had sales of
Q33: Variable costing includes all variable costsboth manufacturing
Q35: Answer the following questions using the information
Q37: Under absorption costing, all variable manufacturing costs
Q52: An favorable production-volume variance occurs when _.
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents