Springstein began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 34,000 units at $39 each. Costs incurred were:

Fixed manufacturing overhead	$255,000
Fixed selling and administrative cost	203,000
Variable manufacturing cost per unit	18
Variable selling and administrative cost per unit	5

If there were no variances, the company's variable-costing income would be:

$114,500.

$544,000.

$29,000.

None of these.

$86,000

Springer began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 36,000 units at $40 each. Costs incurred were:

Fixed manufacturing overhead	$303,000
Fixed selling and administrative cost	166,000
Variable manufacturing cost per unit	15
Variable selling and administrative cost per unit	5

If there were no variances, the company's absorption-costing income would be:

None of these.

$720,000.

$206,300.

$291,800.

$281,300.

Highway Company reported the following costs for the year just ended:

Throughput manufacturing costs	$212,000
Non-throughput manufacturing costs	641,000
Selling and administrative costs	15,000

If Highway uses throughput costing and had sales revenues for the period of $1,002,000, which of the following choices correctly depicts the company's cost of goods sold and income?

	Cost of Goods Soid	Income
A.	$212,000	$134,000
B.	$212,000	$775,000
C.	$227,000	$134,000
D.	$227,000	$775,000
E.	none of the above.

Choice A

Choice B

Choice C

Choice D

Choice E