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Chicago began business at the start of the current year. The company planned to produce 25,000 units, and actual production conformed to expectations. Sales totaled 22,000 units at $30 each. Costs incurred were:

Fixed Manufacturing Over Head $150,000
Fixed Selling & Adminstration Cost $100,000
Variable Manufacturing Cost Per Unit $8.00
Variable Selling&Adminstrative per Unit 2.00

If there were no variances, the company's absorption-costing net income would be:
A. $190,000.
B. $202,000.
C. $208,000.
D. $220,000.
E. some other amount.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976300

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