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What the income under absorption costing

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Question - Concord Corporation sells its product for $6600 per unit. Variable costs per unit are: manufacturing, $3200, and selling and administrative, $25. Fixed costs are: $18000 manufacturing overhead, and $24000 selling and administrative. There was no beginning inventory at 1/1/18. Production was 20 inits per year in 2018-2020. Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020. What the income under absorption costing for 2019?

Reference no: EM133160228

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