Peak Manufacturing produces snow blowers. The selling price per snow blower is $

Question

Peak Manufacturing produces snow blowers. The selling price per snow blower is $100. Costs involved in production are:
Direct material per unit $20 Direct labor per unit 12 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per year $148,500
In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Peak produces 45,000 snow blowers and sells 30,000 snow blowers. How much is net income using variable costing? Answer                              A. $1,441,500                 B. $1,491,000                 C. $1,740,000                 D. $1,440,000 Peak Manufacturing produces snow blowers. The selling price per snow blower is $100. Costs involved in production are:
Direct material per unit $20 Direct labor per unit 12 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per year $148,500
In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Peak produces 45,000 snow blowers and sells 30,000 snow blowers. How much is net income using variable costing? Direct material per unit $20 Direct labor per unit 12 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per year $148,500
In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Peak produces 45,000 snow blowers and sells 30,000 snow blowers. How much is net income using variable costing? $1,441,500 $1,491,000 $1,740,000 $1,440,000 Direct material per unit $20 Direct labor per unit 12 Variable manufacturing overhead per unit 10 Fixed manufacturing overhead per year $148,500

Explanation / Answer

B. $1,491,000

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