Nielson Corp. sells its product for $8,800 per unit. Variable costs per unit are: manufacturing, $4,800, and selling and administrative, $100. Fixed costs are: $24,000 manufacturing overhead, and $32,000 selling and administrative. There was no beginning inventory at 1/1/12. Production was 20 units per year in 2012 -2014. Sales was 20 units in 2012, 16 units in 2013, and 24 units in 2014. Income under absorption costing for 2013 is
a. $6,400.
b. $11,200.
c. $12,800.
d. $17,600.
b. $11,200.
Business
You might also like to view...
The most destructive termite in California is the:
a. Drywood termite. b. Dampwood termite. c. Conehead termite. d. Subterranean termite.
Business
Despite commanding a 37 percent share of the global cellular handset market, Nokia announced that it would make the source code for handset manufactured by Siemens AG
Indicate whether the statement is true or false
Business