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What is Beltway variable costing net income for Year two

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Reference no: EM132916172

Problem - Beltway Industries manufactures and sells lamps. Shown below are the actual operating results for the first two years of operations:

 

Year 1

Year 2

Units produced

40,000

40,000

Units sold

37,000

41,200

Absorption costing net income

$44,000

$52,000

Variable costing profit

$35,000

?

Beltway's selling price, variable cost per unit, and fixed overhead were the same for both years. What is Beltway's variable costing net income for Year 2?

Reference no: EM132916172

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