Answer the following question(s) using the information below.Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit.In the first month of operation, 2,000 units were produced and 1,750 units were sold.Actual fixed costs are the same as the amount budgeted for the month.Other information for the month includes:
-What is operating income using variable costing?
Definitions:
Operating Cost
Expenses associated with the ongoing operations of a business, such as rent, utilities, and payroll.
Useful Life
The expected period during which an asset is deemed to be functional and economically viable for its intended purpose, important for depreciation calculations.
Kilometres Per Litre
A measure of fuel efficiency in vehicles, indicating how many kilometers a vehicle can travel on one litre of fuel.
Supply Chain Metrics
Quantitative measures used to assess the performance and efficiency of supply chain operations, including aspects like delivery times, costs, and inventory levels.
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