Homework Answers
Fixed manufacturing Overhead per unit:
= $30,000 / 20 units
= $1,500
| Sales (11,000 x 16) | 176,000 | |
| Less: COGS | ||
| Variable Manufacturing Cost (6,000 x 16) | 96,000 | |
| Fixed Manufacturing Overhead (1,500 x 16) | 24,000 | (120,000) |
| Gross Profit | 56,000 | |
| Less: Selling Expenses | ||
| Variable Selling Expenses (16 x 125) | 2,000 | |
| Fixed Selling Expenses | 40,000 | (42,000) |
| Net Income | 14,000 |
Option (D) $14,000
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