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Lewes Company produced 9,200 units of inventory and sold 7,200. The company incurred the following production costs: Variable manufacturing cost: $12.00 per unit Fixed manufacturing
Lewes Company produced 9,200 units of inventory and sold 7,200. The company incurred the following production costs:
Variable manufacturing cost: $12.00 per unit
Fixed manufacturing overhead cost: $120,000
Assuming the company sells its product at a price of $37 per unit, and incurred $34,000 in selling and administrative cost, what is the amount of net income under variable costing?
Multiple Choice
$26,000
$125,000
$41,000
$86,000
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