WayFast Company has just opened a new plant to produce a folding camp cot. Below...
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Accounting
WayFast Company has just opened a new plant to produce a folding camp cot. Below are the data obtained during the first month of the plants operation in April:
Units produced 1,000
Units sold 800
Unit selling price $200
Unit variable selling expense $4
Total fixed selling expense $24,000
Unit direct materials cost $35
Unit direct labour cost $27
Unit variable MOH $6
Total fixed MOH $20,000
How much is the net income under variable costing in April compared with that under absorption costing?
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