Question: Waterway Industries sells its product for $6600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and administrative, $75. Fixed costs are: $18000

Waterway Industries sells its product for $6600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and administrative, $75. Fixed costs are: $18000 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 variable costing for 2016 Is
$34800.
$17600.
$8800.
$26000.

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