Homework Answers
Solution:
Unit product cost = Variable manufacturing costs + Fixed manufacturing cost per unit = $9 + ($60,000/10000) = $15 per unit
Net income = Sales - Cost of goods sold - (Variable selling and administrative expenses + Fixed selling and administrative expense)
= (8500*$45) - (8500*$15) - (8500*$2 + $220,000)
= $18,000
Hence 4th option is correct.
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