Cagney Industries has the following cost information for the year just ended: During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each. What is net income under variable costing?
A)$26,000.
B)$35,000.
C)$29,000.
D)$23,000.
E)None of the answers is correct.

Question

Cagney Industries has the following cost information for the year just ended:  During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each. What is net income under variable costing?
A)$26,000. 
B)$35,000. 
C)$29,000. 
D)$23,000. 
E)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Cagney Industries has the following cost information for the year just ended:  During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each. What is net income under variable costing?
A)$26,000. 
B)$35,000. 
C)$29,000. 
D)$23,000. 
E)None of the answers is correct.

Cagney Industries Has the Following Cost Information for the Year