Stafford Company prepared a static budget for a production and sales volume of 12,300 units.

What is the net income if 11,300 units are sold?

apter 8 Stafford Company prepared a static budget for a production and sales volume of 12,300 units. Per unit standards Static Budget 12,300 $1,082,400 $88.00 Number of units Sales revenue Variable manufacturing costs: Materials Labor Overhead Variable general, selling, and administrative costs Contribution margin Fixed costs Manufacturing overhead General, selling, and administrative costs Net income $20.00 $18.00 $ 6.50 $20.00 246,000 221,400 79,950 246,000 $ 289,050 123,800 68,000 97,250 $ What is the net income if 11,300 units are sold? Multiple Choice