Cold City Blowers Produces Snow Blowers In Addition, the Company Has Fixed Selling and Administrative Costs
Cold City Blowers produces snow blowers. The selling price per snow blower is $100. Costs involved in production are: In addition, the company has fixed selling and administrative costs of $9,360 per year. During the year, Cold City Blowers produced 780 snow blowers and sold 800 snow blowers. Beginning inventory consisted of 50 snow blowers. How much is net income using variable costing?
A) $11,700
B) $12,240
C) $12,840
D) $45,600
Correct Answer:
Verified
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