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12) Blossom Company sells its product for $11000 per unit. Variable costs per unit are: manufacturing, $5900; and selling and administrative, $120. Fixed costs are:
12)
Blossom Company sells its product for $11000 per unit. Variable costs per unit are: manufacturing, $5900; and selling and administrative, $120. Fixed costs are: $31200 manufacturing overhead, and $41200 selling and administrative. There was no beginning inventory at 1/1/20. Production was 24 units per year in 20202022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022.
Income under variable costing for 2021 is
$59600.
$34800.
$27200.
$32400.
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