What the company absorption-costing income would be

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ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 36,000 units at $40 each. Costs incurred were:

Variable manufacturing overhead per unit$18
Fixed manufacturing overhead 297,000
Variable selling and administrative cost per unit 5
Fixed selling and administrative cost per unit 188,000

Problem 1: If there were no variances, the company's absorption-costing income would be:

Multiple Choice

Option 1: $81,700.
Option 2: $156,700.
Option 3: $167,200.
Option 4: $612,000.
Option 5: None of the answers is correct.

Reference no: EM132735380

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