The Crab Shack experienced the following costs in 2014 (Assume the same unit costs in all years): $\begin{array}{lr}
\text { Direct materials }&\$ 2.25 \text { per unit }\
\text { Direct labor }&\$ 1.50 \text { per unit }\
\text { Manufacturing overhead costs }\
\text { Variable } & \$ 1.10 \text { per unit } \
\text { Fixed } & \$ 60,000\
\text { Selling \& administrative costs }\
\text { Variable selling } & \$ 0.80 \text { per unit } \
\text { Fixed selling } & \$ 9,000 \
\text { Fixed administrative } & \$ 13,000
\end{array}$ There were 1,800 units in beginning inventory. During the year, the company manufactured 24,000 units and sold 25,000 units. If net income using variable costing was $76,250, how much is net income using full costing?

Question

Quizplus · Accepted Answer

The Answer of The Crab Shack experienced the following costs in 2014 (Assume the same unit costs in all years): $\begin{array}{lr}
\text { Direct materials }&\$ 2.25 \text { per unit }\
\text { Direct labor }&\$ 1.50 \text { per unit }\
\text { Manufacturing overhead costs }\
\text { Variable } & \$ 1.10 \text { per unit } \
\text { Fixed } & \$ 60,000\
\text { Selling \& administrative costs }\
\text { Variable selling } & \$ 0.80 \text { per unit } \
\text { Fixed selling } & \$ 9,000 \
\text { Fixed administrative } & \$ 13,000
\end{array}$ There were 1,800 units in beginning inventory. During the year, the company manufactured 24,000 units and sold 25,000 units. If net income using variable costing was $76,250, how much is net income using full costing?

The Crab Shack Experienced the Following Costs in 2014 (Assume