Question

Shipp, Inc. budgets the following costs for a normal monthly volume of 500 units selling for...

Shipp, Inc. budgets the following costs for a normal monthly volume of 500 units selling for $4,000 each.

Manufacturing

Nonmanufacturing

Variable

$800,000

$1,000,000

Fixed

600,000

400,000

13.

The income (loss) using variable costing when 500 units are produced and 400 units are sold is

A) $840,000 loss    B) $1,000,000 income    C) $480,000 loss    D) $600,000 income
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