ProTech began business at the start of the current year.The company planned to produce 40,000 units, and actual production conformed to expectations.Sales totaled 37,000 units at $42 each.Costs incurred were: If there were no variances, the company's absorption-costing income would be:
A)$155,000.
B)$230,000.
C)$240,500.
D)$592,000.
E)None of the answers is correct.

Question

ProTech began business at the start of the current year.The company planned to produce 40,000 units, and actual production conformed to expectations.Sales totaled 37,000 units at $42 each.Costs incurred were:  If there were no variances, the company's absorption-costing income would be:
A)$155,000. 
B)$230,000. 
C)$240,500. 
D)$592,000. 
E)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of ProTech began business at the start of the current year.The company planned to produce 40,000 units, and actual production conformed to expectations.Sales totaled 37,000 units at $42 each.Costs incurred were:  If there were no variances, the company's absorption-costing income would be:
A)$155,000. 
B)$230,000. 
C)$240,500. 
D)$592,000. 
E)None of the answers is correct.

ProTech Began Business at the Start of the Current Year