The company plans on producing 40000 units and actually did, Ask an Expert

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The company plans on producing 40,000 units and actually did, Sales totaled 37,000 at $42 each. Costs:

Fixed manufacturing o/head $240,000
Fixed selling and adm costs $140,000
Variable manuf. cost per unit 19
Variable selling and admin cost per unit 7

The companies variable-costing net income would be:

a. $155,000

b. $212,000

c. $240,500

d. $592,000

E. Other amount

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9408888

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