Hayes Company operated at normal capacity during the current year, producing 52974 units of its...
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Hayes Company operated at normal capacity during the current year, producing 52974 units of its single product. Sales totalled 42770 units at an average price of $20.13 per unit. Variable manufacturing costs were $11.48 per unit, and variable marketing costs were $4.89 per unit sold. Fixed costs were incurred uniformly throughout the year and amounted to $192932 for manufacturing and $72645 for marketing. There were no opening inventories.
What is Hayes operating income (loss) under absorption costing?
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