(Answered) Question - hackney company which has only one product has

Accounting

Question - Hackney Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 110

Units in begnning inventory 0

Units produced 4800

Units sold 4700

Units in ending inventory 100

Variable costs per unit:

Direct materials $30

Direct labor 52

Variable manufacturing overhead $ 3

Variable selling and administrative $ 7

Fixed costs:

Fixed manufacturing overhead $ 72,000

Fixed selling and administrative $ 9,400

What is the net operating income for the month under variable costing?

$4,700

$(5,300)

$1,500

$3,200

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