Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $125,000 Marketing 23,000 Administrative 21,000 Variable costs: Manufacturing
The following information for the past year for the Blaine Corporation has been provided:
Fixed costs: | |
Manufacturing | $125,000 |
Marketing | 23,000 |
Administrative | 21,000 |
Variable costs: | |
Manufacturing | $115,000 |
Marketing | 30,000 |
Administrative | 43,000 |
During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.What is the operating income (loss) for the year?
A.$281,000
B.$262,000
C.$93,000
D.$450,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started