quatic Pets Inc. makes gallon plexiglass aquariums. They reported the following financial information for last year:
Direct labor: hours @ $ per hr
Production manager salary: $
Factory rent: $
Equipment maintenance: $considered a variable expense
Equipment depreciation: $
Production for the year: units
Total Revenue: $
Total aquariums sold during the period: units
Operating Income under absorption costing after nonproduction expenses: $
Assume that the fixed costs were the same on a perunit basis during the prior period.
What would Operating Income be under variable costing? Round perunit costs to the nearest cent.
Select one:
a None of these options are correct.
b $
c $
d $
e $
