[The following information applies to the questions displayed below.] Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current year. During this time, the company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit. Cost information for this year is shown in the following table:Production costs Direct materials$2.50per unitDirect labor$3.00per unitVariable overhead$0.75per unitFixed overhead$240,000in totalNon-production costs Variable selling and administrative$10,000in totalFixed selling and administrative$50,000in totalGiven the Scavenger Company data, what is net income using variable costing?
A. $150,000
B. $181,250
C. $201,250
D. $276,250
E. $177,600
Answer: B
You might also like to view...
Amortization of bond premium results in a(n)
a. decrease of the carrying value of bonds. b. no change in stockholders' equity. c. increase in interest expense. d. decrease in the cash account.
______ provide a staff of people who help employees get professional assistance in solving their problems.
A. Conductors B. Management counselors C. Employee assistance programs D. Progressive discipliners
_____________ is a contract in which a firm grants access to its patents, trade secrets, or technology to another firm.
Fill in the blank(s) with the appropriate word(s).
The uncertainty associated with information content, format, or timing is referred to as?
a. Information volatility b. Information dispersion c. Information acceleration d. Information velocity