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Business, 03.04.2020 22:38 Tink2334

Krepps Corporation produces a single product. Last year, Krepps manufactured 27,540 units and sold 22,200 units. Production costs for the year were as follows: Direct materials $ 214,812 Direct labor $ 121,176 Variable manufacturing overhead $ 239,598 Fixed manufacturing overhead $ 302,940 Sales totaled $1,098,900 for the year, variable selling and administrative expenses totaled $115,440, and fixed selling and administrative expenses totaled $176,256. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:

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