Ellis Corporation The following information was extracted from the first year absorption-based accounting records of Ellis Corporation

Total fixed costs incurred $100,000

Total variable costs incurred 50,000

Total period costs incurred 70,000

Total variable period costs incurred 30,000

Units produced 20,000

Units sold 12,000

Unit sales price $12

Refer to Ellis Corporation.If Ellis Corporation had used variable costing in its first year of operations,how much income (loss)before income taxes would it have reported? A)($6,000) B)$54,000 C)$26,000 D)$ 2,000

Question

Ellis Corporation The following information was extracted from the first year absorption-based accounting records of Ellis Corporation

Total fixed costs incurred	$100,000
Total variable costs incurred	50,000
Total period costs incurred	70,000
Total variable period costs incurred	30,000
Units produced	20,000
Units sold	12,000
Unit sales price	$12

Refer to Ellis Corporation.If Ellis Corporation had used variable costing in its first year of operations,how much income (loss)before income taxes would it have reported? A)($6,000) B)$54,000 C)$26,000 D)$ 2,000

Quizplus · Accepted Answer

The Answer of Ellis Corporation The following information was extracted from the first year absorption-based accounting records of Ellis Corporation

Total fixed costs incurred	$100,000
Total variable costs incurred	50,000
Total period costs incurred	70,000
Total variable period costs incurred	30,000
Units produced	20,000
Units sold	12,000
Unit sales price	$12

Refer to Ellis Corporation.If Ellis Corporation had used variable costing in its first year of operations,how much income (loss)before income taxes would it have reported? A)($6,000) B)$54,000 C)$26,000 D)$ 2,000

Ellis Corporation The Following Information Was Extracted from the First Year Absorption-Based