Multiple Choice
Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations:
-
The management accountant has discovered an error in last month's accounts. The fixed manufacturing overhead should have been stated at £230,000.
What is the net operating income for the month under variable costing if the fixed manufacturing overhead is £230,000?
A) £(18,700)
B) £(5,700)
C) £16,000
D) (£9,000)
Correct Answer:
Verified
Correct Answer:
Verified
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