Business, 22.07.2019 22:30 berankworthy3343
Wind fall, a manufacturer of leaf blowers, began operations this year. during this year, the company produced 10,000 leaf blowers and sold 8,500. at year-end, the company reported the following income statement using absorption costing: sales (8,500 × $45) $ 382,500 cost of goods sold (8,500 × $20) 170,000 gross margin $ 212,500 selling and administrative expenses 60,000 net income $ 152,500 production costs per leaf blower total $20, which consists of $16 in variable production costs and $4 in fixed production costs (based on the 10,000 units produced). fifteen percent of total selling and administrative expenses are variable. compute net income under variable costing. multiple choice $146,500 $158,500 $237,500 $206,500 $246,500
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Wind fall, a manufacturer of leaf blowers, began operations this year. during this year, the company...
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