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Compute the income under variable costing

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Question - Jack Company sells its product for $11,000 per unit. Variable costs per unit are: manufacturing, $6,000, and selling and administrative, $125. Fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative. There was no beginning inventory at 1/1/07. Production was 20 units per year in 2007-2009. Sales was 20 units in 2007, 16 units in 2008, and 24 units in 2009. Compute the Income under variable costing for 2008?

Reference no: EM132786241

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