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What the income under absorption costing

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Question - Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $7; fixed manufacturing costs, $64,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $254,000. The company sells its units for $47 each. Additional data follow.

Planned production in units 10,000 Actual production in units 10,000 Number of units sold 9,000

There were no variances.

Required - What the income (loss) under absorption costing?

Reference no: EM132931084

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