(Answered) Question - attila inc makes skis for the month of january

Accounting

Question - Attila Inc. makes skis. For the month of January they believe they will sell 1,000 pairs of skis. The selling price for their skis is $ 300 per pair. They believe their costs for the month will include:

Wages: $ 35,000 plus $ 55 per pair of skis sold

Supplies: $ 24.50 per pair of skis

Rent and Utilities: $ 9,750.

On February 1st, the managers of Attila Inc. look at what actually occurred in January:

Skis Sold: 990 pairs of skis

Total Revenue: $ 298,100.

Wages: $ 89,600

Supplies: $ 24,195

Rent and Utilities: $ 9,700

What is the Net Income for Attila Inc. according to their flexible budget? (Show work).

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