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McCoy Corporation Manufactures a Computer Monitor

Question 68

Multiple Choice

McCoy Corporation manufactures a computer monitor. Shown below is McCoy's cost structure: McCoy Corporation manufactures a computer monitor. Shown below is McCoy's cost structure: In its first year of operations, McCoy produced 100,000 monitors but only sold 95,000. McCoy's gross margin in this first year was $2,629,600. McCoy's contribution margin in this first year was $2,109,000. Under variable costing, what is McCoy's net operating income for its first year? A) $266,000 B) $741,000 C) $1,261,600 D) $2,173,600 In its first year of operations, McCoy produced 100,000 monitors but only sold 95,000. McCoy's gross margin in this first year was $2,629,600. McCoy's contribution margin in this first year was $2,109,000.
Under variable costing, what is McCoy's net operating income for its first year?


A) $266,000
B) $741,000
C) $1,261,600
D) $2,173,600

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