12) Blossom Company sells its product for $11000 per unit. Variable costs per unit are: manufacturing, $5900; and selling and administrative, $120. Fixed costs are: $31200 manufacturing overhead, and $41200 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 2020-2022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022. Income under variable costing for 2021 is $59600. $34800. $27200. $32400.
12) Blossom Company sells its product for $11000 per unit. Variable costs per unit are: manufacturing, $5900; and selling and administrative, $120. Fixed costs are: $31200 manufacturing overhead, and $41200 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 2020-2022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022. Income under variable costing for 2021 is $59600. $34800. $27200. $32400.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:12)
Blossom Company sells its product for $11000
per unit. Variable costs per unit are:
manufacturing, $5900; and selling and
administrative, $120. Fixed costs are: $31200
manufacturing overhead, and $41200 selling
and administrative. There was no beginning
inventory at 1/1/20. Production was 24 units per
year in 2020-2022. Sales were 24 units in 2020,
20 units in 2021, and 28 units in 2022.
Income under variable costing for 2021 is
$59600.
$34800.
$27200.
$32400.
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