Reference no: EM132103853
Question - Attila Inc. makes skis. For the month of January they believe they will sell 1,000 pairs of skis. The selling price for their skis is $ 300 per pair. They believe their costs for the month will include:
Wages: $ 35,000 plus $ 55 per pair of skis sold
Supplies: $ 24.50 per pair of skis
Rent and Utilities: $ 9,750.
On February 1st, the managers of Attila Inc. look at what actually occurred in January:
Skis Sold: 990 pairs of skis
Total Revenue: $ 298,100.
Wages: $ 89,600
Supplies: $ 24,195
Rent and Utilities: $ 9,700
What is the Net Income for Attila Inc. according to their flexible budget? (Show work).
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