Swifty Corporation sells its product for $$6300$ per unit. Unit variable cost are: manufacturing, $$4400,$ and selling and administrative, $$90.$ Fixed costs are: $$10000$ manufacturing overhead and $$20000$ selling and administrative. There was no beginning inventory at $1/1/21.$ Production was $20$ units per year in $2021-2023.$ Sales were $20$ units in $2021,16$ units in $2022,$ and $24$ units in $2023.$

Calculate Net income under absorption costing for $2023$ . 

Answer rating: 100% (QA)

To calculate the net income under absorption costing for the year 2023 we need to determine the total manufacturing and sellingadministrative costs an... View the full answer