Stallard Corporation gathered the following information for the year just ended: During the year, Stallard produced...
Stallard Corporation gathered the following information for the year just ended:
During the year, Stallard produced and sold 50,000 units of product at a selling price of $5.64 per unit. There was no beginning inventory of product at the start of the year.
What is the operating income (loss) for the year?
Data Table
|
Fixed costs: |
|
|
Manufacturing |
$120,000 |
|
Marketing |
41,000 |
|
Administrative |
17,000 |
|
Variable costs: |
|
|
Manufacturing |
$60,000 |
|
Marketing |
17,000 |
|
Administrative |
40,000 |
A.−$13,000
B. $282,000
C. $165,000
D. $104,000
Homework Answers
Correct answer is A. -$13000
Detail working for your refrence
| Computation of Net Income ( LOSS)- Stallard Corporation | ||
| Sales ( 50000X $5.64) | $282,000.00 | |
| Less: Variable cost | ||
| Manufacturing | $60,000.00 | |
| Marketing | $17,000.00 | |
| Administrative | $40,000.00 | $117,000.00 |
| Contribution | $165,000.00 | |
| Less: Fixed Cost | ||
| Manufacturing | $120,000.00 | |
| Marketing | $41,000.00 | |
| Administrative | $17,000.00 | $178,000.00 |
| Net Income | -$13,000.00 | |
| Let me know if any doubt Kindly mark with positive rating it would help me lot. Thanks in advance. |
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