SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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Subject = General Account
Aerotrino produces and sells popular t-shirts. Following is information about
its t-shirts for 2014:
Selling price $15.00 per
t-shirt
Variable costs:
Production (manufacturing costs) - $3.50
per t-shirt
Selling & administration -
$1.00 per t-shirt
Fixed costs:
Production (manufacturing costs) - $1,000,000 per year
Selling & administration - $2,000,000 per year
During 2014, the company produced 400,000 t-shirts and sold 350,000 of
them. Assume that there was no beginning inventory. How much is the net
income under variable costing?
ROE?
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