Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12.Costs for last year were as follows:

Fixed factory overhead is applied based on expected production.Last year, Fabre expected to produce 20,000 units.What is operating income for last year under variable costing?
A) $111,800
B) $91,780
C) $82,200
D) $78,400
E) $66,350

Question

Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12.Costs for last year were as follows: ​
​
 Fixed factory overhead is applied based on expected production.Last year, Fabre expected to produce 20,000 units.What is operating income for last year under variable costing?
A) $111,800 
B) $91,780 
C) $82,200 
D) $78,400 
E) $66,350

Quizplus · Accepted Answer

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Last Year, Fabre Company Produced 20,000 Units and Sold 18,000