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Bruce manufacturing makes and sells a single product the

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Reference no: EM13598530

Bruce Manufacturing makes and sells a single product. The following costs were incurred during the company's first year of operations.

  • Variable Costs
  • Direct Materials $9
  • Direct Labor $9
  • Variable Overhead $5
  • Fixed Costs
  • Fixed Manufacturing OH $200,000
  • Fixed Selling Expenses $130,000

During the year the company produced 25,000 units and sold 20,000 units. The company's selling price is $50 per unit.
Under absorption costing, (GAAP) what would Bruce's Net Income be for this year?

Reference no: EM13598530

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