Question: Marigold Corp, sells its product for $5600 per unit. Variable costs per unit are manufacturing $3000, and selling and administrative, $25. Fixed costs are: 518000

Marigold Corp, sells its product for $5600 per unit. Variable costs per unit are manufacturing $3000, and selling and administrative, $25. Fixed costs are: 518000 manufacturing overhead, and $24000 selling and administrative. There was no beginning inventory at 1/1/15. Production was 20 units per year in 2015-2017. Sales were 20 units in 2015. 16 units in 2016 and 24 units in 2017 Income under absorption costing for 2016 is $2800 $9000 $4150 $6950

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