For the year ended December 31, 20x5, Davis Corporation has the following records of its costs:...
For the year ended December 31, 20x5, Davis Corporation has the following records of its costs: Direct materials used $559961 Direct labour 166618 Variable manufacturing overhead 77116 Fixed manufacturing overhead 137224 Selling and administrative costs (fixed) 110477 Davis produced 124569 units and sold 99727 units at $13 in 20x6. There were no beginning inventories. If Davis uses variable costing, what is the operating income for the year ended December 31, 20x6?
Select one:
a. $432696
b. $405331
c. $385331
d. $245055
Homework Answers
Unit product cost
= (559961+166618+77116)/124569
= 6.4518
Total Contribution margin = (13-6.4518)*99727
= 653032
Operating income = 653032-(137224+110477)
= 405,331
Option B
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