Nielson Corp. sells its product for $6.600 per unit. Variable cost per unit are: manufacturing, $3,600; and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead; and $24,000 selling and administrative. There was no beginnng inventory on January 1, 20X1. Production was 20 units per year from 20X1 to 20X3. Sales were 20 units in 20X1, 16 units in 20X2, and 24 units in 20X3. Income under variable costing for 20X2 is O $8,400. O $4,800. O $13,200. O $9,600

Nielson Corp. sells its product for $6.600 per unit. Variable cost per unit are: manufacturing, $3,600; and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead; and $24,000 selling and administrative. There was no beginnng inventory on January 1, 20X1. Production was 20 units per year from 20X1 to 20X3. Sales were 20 units in 20X1, 16 units in 20X2, and 24 units in 20X3. Income under variable costing for 20X2 is O $8,400. O $4,800. O $13,200. O $9,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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