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11. View Policies Current Attempt in Progress Ivanhoe Company sells its product for $10400 per unit. Variable costs per unit are manufacturing, $5000; and selling
11.
View Policies Current Attempt in Progress Ivanhoe Company sells its product for $10400 per unit. Variable costs per unit are manufacturing, $5000; and selling and administrative, $135.Fixed costs are: $50400 manufacturing overhead, and $60400 selling and administrative. There was no beginning inventory at 1/1/20. Production was 36 units per year in 2020-2022. Sales were 36 units in 2020, 32 units in 2021, and 40 units in 2022 Income under absorption costing for 2022 is O $94200 $99800. O $88280 $93280 Save for Later Attempts:0 of 1 used Submit Step by Step Solution
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