Bernard Corporation gathered the following information for the year just ended:

During the year,Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit.There was no beginning inventory of product at the start of the year.
What is the operating income (loss)for the year?

Question

Bernard Corporation gathered the following information for the year just ended:

During the year,Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit.There was no beginning inventory of product at the start of the year.
What is the operating income (loss)for the year?

Quizplus · Accepted Answer

C)
Variable costs: Manufacturing $80,000
Marketing 22,000
Administrative 38,000
Total $140,000
Sales $9 × 50,000 = $450,000
Less Variable costs 140,000
Contribution Margin $310,000
Less Fixed $184,000
Operating Income $126,000

Bernard Corporation Gathered the Following Information for the Year Just