Reference no: EM132779533
A company has the following cost data:
Fixed manufacturing costs $2,000
Fixed selling, general, and administrative costs 1,000
Variable selling costs per unit sold 1
Variable manufacturing costs per unit 2
Beginning inventory in units 0
Production units 100
Sales units at $40 per unit : 90
Problem 1: Variable and absorption cost net incomes are?
A. $320 variable, $520 absorption.
B. $520 variable, $320 absorption.
C. $530 variable, $330 absorption.
D. $330 variable, $530 absorption.
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