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Determine the net income under absorption costing

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Question - Sunland Company sells its product for $6700 per unit. Unit variable cost are: manufacturing, $4200, and selling and administrative, $75. Fixed costs are: $10000 manufacturing overhead and $29000 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. Determine the net income under absorption costing for 2023?

Reference no: EM133143995

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