Help Save & Ext Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to quest Mason Corporation began operations at the beginning of the current year. One of the company's products, a refrigeration element, sells for $185 per unit. Information related to the current year's activities follows. 48 Variable costs per unit: Direct material 20 Direct labor 37 Manufacturing overhead Annual fixed costs: Manufacturing overhead $600,000 Selling and administrative 860,000 Production and sales activity: Production (units) 24,000 Sales (units) 20,000 Mason carries its finished goods inventory at the average unit cost of production and is subject to a 30 percent income tax rate. There was no work in process at year-end 2. Compute Mason's net income for the current year ended December 31 Net Income 7 8 of 10 !!! - a ** 3 9. ORI - search