Dapple company incurred the following costs while producing 480 units: direct materials, $11 per unit; direct labor, $29 per unit; variable manufacturing overhead, $13 per unit; total fixed manufacturing overhead costs, $7,680; variable selling and administrative costs, $3 per unit; total fixed selling and administrative costs, $4,320. there are no beginning inventories. what is the operating income using absorption costing if 480480 units are sold for $180 each?

Net operating profit= 47,520

Explanation:

Giving the following information:

direct materials, $11 per unit; direct labor, $29 per unit; variable manufacturing overhead, $13 per unit; total fixed manufacturing overhead costs, $7,680; variable selling and administrative costs, $3 per unit; total fixed selling and administrative costs, $4,320. There are no beginning inventories.

Income statement:

Sales= 86,400

COGS= (11+29+13)*480 + 7680= (33,120)

Gross profit= 53,280

Selling and administrative costs= (3*480)+4320= (5,760)

Net operating profit= 47,520

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