Question

CBB Inc. makes multi-colored glass lens for the astrological telescope industry and incurred the following: Units...

CBB Inc. makes multi-colored glass lens for the astrological telescope industry and incurred the following:

Units Produced

20,000
Units Sold

16,000
Unit Sales Price $

190
Manufacturing Cost Per Unit
Direct Material $

20
Direct Labor $

20
Variable Manufacturing Overhead $

16
Fixed Manufacturing Overhead ($360,000/20,000) = $

18
Full Manufacturing Cost Per Unit $

74
Nonmanufacturing Costs
Variable Selling Expenses $

104,000
Fixed General and Administrative Costs $

92,000


Income for CBB Inc's under variable costing?

Multiple Choice

  • $1,588,000

  • $1,660,000

  • $1,231,000

  • $1,184,000

Business   Accounting   
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Answer #1

Solution:

Correct answer will be Option $1,588,000.

Note:

Full Fixed costs will be taken in consideration for calculating Net income.

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