Wildhorse Company sells its product for $11000 per unit. Variable costs per unit are manufacturing. $6700, and selling and administrative. $140. Fixed costs are $31200 manufacturing overhead, and $41200 selling and administrative. There was no beginning inventory on 1/1/20. Production was 24 units per year from 2020-2022. Sales were 24 units in 2020, 20 units in 2021, and 28 units in 2022.

 Income under absorption costing for 2022 is ?

1-$44080. 

2- $32720 

3- $39420 

4-$38880.

Answer rating: 100% (QA)

Unit product cost 6700 3120024 8000 Sales ... View the full answer