TB MC Qu. 19-95 (Algo) Belle Company reports the following information...

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year	35,000	units
Units sold this year	21,000	units
Direct materials	$ 15	per unit
Direct labor	$ 17	per unit
Variable overhead	$ 3	per unit
Fixed overhead	$ 105,000	in total

Belle Company's product is sold for $62 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $230,000 per year. Compute the net income under absorption costing.

Multiple Choice

• $62,000

• $87,200

• $151,900

• $232,000

• $242,200