Tyson Manufacturing Net Income
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Tyson Manufacturing has the following cost information available for 2009:
Direct Materials= $6/ unit
Direct labor= $2/ unit
Variable manufacturing Overhead= $1.50/ unit
Variable selling and administrative costs= $3/ unit
Fixed Manufacturing Overhead= $40,000
Fixed Selling and administrative costs= $50,000
During 2009, Tyson Manufacturing 10,000 units out of which 9,100 units were sold for $50 each.
What is net income under variable costing?
a) $251,250
b) $254,850
c) $285,000
d) $291,250.
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Solution Summary
This solution calculates the net income under variable costing for Tyson Manufacturing. Includes 1 reference.
Solution Preview
9,100 x 50 = 455,000
Less:
9100 x 1.50 = 13,650 Variable manufacturing overhead
9100 x 3.00 = 27,300 Variable selling and administrative
Less:
Direct materials = 9100 x 6.00 = ...
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