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Wang Company provides the following information for their first year of operation: Sales 5,000 units @ $10 Variable production costs per unit: SG&A costs: Direct

Wang Company provides the following information for their first year of operation:

Sales 5,000 units @ $10 Variable production costs per unit:

SG&A costs: Direct materials $2

Fixed $1,000 Direct labor $2

Variable $1 per unit Var MOH $1

Fixed MOH $7,500 Production 7,500 units

(T or F) If Wang uses variable costing, operating income will be $11,500.

True

False

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