Star services inc a manufacturer of telescopes began

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Reference no: EM13393829

Star Services, Inc., a manufacturer of telescopes, began operations on October 1 of the current year. During this time, the company produced 50,000 units and sold 35,000 units at a sales price of $500 per unit. Cost information for this year is shown below.

Production Costs:

Direct materials ...$85 per unit

Direct Labor ...$65 per unit

Variable overhead ...$200,000 in total

Fixed overhead ...$350,000 in total

Non-production costs:

Variable selling and administrative ...$90,000 in total

Fixed selling and administrative ...$500,000 in total

Given the Star Services Inc. data, what is the net income using variable costing?$18,670,000

$18,774,000

$16,360,000

$11,274,000

$11,170,000

Reference no: EM13393829

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