Coronado Industries sells its product for $6100 per unit Unit variable cost are manufacturing, 53000, and selling and ad
Posted: Thu May 19, 2022 12:25 pm
Coronado Industries sells its product for $6100 per unit Unit variable cost are manufacturing, 53000, and selling and administrative, $25. Fixed costs are: $18000 manufacturing overhead and $20000 selling and administrative. There was no beginning inventory at 1/1/21. Production was 20 units per year in 2021-2023. Sales were 20 units in 2021, 16 units in 2022 and 24 units in 2023. Net income under variable costing for 2022 is $25000 $5000 $18800 $11200