Page produces stereo speakers. The selling price per pair of speakers is $1,690. There is no beginning
Fantastic news! We've Found the answer you've been seeking!
Question:
Page produces stereo speakers. The selling price per pair of speakers is $1,690. There is no beginning inventory.
Costs involved in production are:
Direct material 140
Direct labor 218
Variable manufacturing overhead 109
Total variable manufacturing costs per unit 467
Fixed manufacturing overhead per year $560,240
In addition, the company has fixed selling and administrative costs:
Fixed selling costs per year 191,400
Fixed administrative costs per year 103,900
During the year, Page produces 1,490 pairs of speakers and sells 1,170 pairs.
What is net income using full costing?
Posted Date: