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Goodwin Corporation gathered the following information for the year just ended: Fixed costs: Manufacturing $125,000 Marketing 37,000 Administrative 25,000 Variable costs: Manufacturing $90,000 Marketing 25,000
Goodwin Corporation gathered the following information for the year just ended: Fixed costs: Manufacturing $125,000 Marketing 37,000 Administrative 25,000 Variable costs: Manufacturing $90,000 Marketing 25,000 Administrative 43,000 During the year, th company produced and sold 90,000 units of product at a selling price of $10.63 per unit. There was no beginning inventory of product at the start of the year. What is the operating income (loss) for the year? A. $769,700 B. $611,700 C. $956,700 D. $798,700
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