For the Month Ended October 31^st, There Are No Finished

question 116

Multiple Choice

For the month ended October 31^st, there are no finished goods or work in process inventories at the beginning of the month for the Fleetfoot Company. Net sales $8,400
Product costs:
Variable 3,780
Fixed 1,890
Selling and Administrative costs:
Variable 588
Fixed 840
Units manufactured 210
Units sold 180
Under absorption costing, Fleetfoot's operating income for the year is:

• A)$2,112
• B)$1,842
• C)$1,014
• D)$2,002