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What the income under variable costing is

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Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $64,000; variable selling and administrative costs per unit, $3; and fixed selling and administrative costs, $209,000. The company sells its units for $50 each.

Additional data follow:

Planned production in units 10,000
Actual production in units 10,000
Number of units sold 7,500

There were no variances.

Problem 1: The income (loss) under variable costing is

Reference no: EM133006456

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