Farris Corporation, which has only one product, has provided the following data concerning its most recent...

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operation

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Answer 1

Answer #1

Variable Manufacturing cost per unit = Direct materials per unit + Direct labor per unit + Variable manufacturing overhead per unit = 21 + 63 + 9	93


Sales ( 8700 * 124 )		1078800
(-)Variable cost of goods sold :
Beginning inventory	0
(+)Production cost ( 9100 * 93 )	846300
Cost of goods available for sale	846300
(-) Ending inventory ( 400 * 93 )	37200	809100
Gross contribution margin		269700
(-) Variable selling and administrative expense ( 13 * 8700 )		113100
Contribution margin		156600
(-) Fixed costs :
Fixed manufacturing overhead	136500
Fixed selling and administrative expense	9100	145600
Net operating income (loss)		11000

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Answer 2

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