ABC Inc., began the year with 10,000 units in stock but finished with 5,000 units....
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ABC Inc., began the year with 10,000 units in stock but finished with 5,000 units. It produced 45,000 units for the period. Its selling price is $12 per unit, variable manufacturing cost is $5 per unit, and variable selling is $3 per unit. Fixed manufacturing and selling costs are $100,000 and $72,000 respectively. The firm notes that variable cost per unit (both mfg and SGA) was the same this and the prior year. What is the income under variable costing?
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