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What is brand products net income using variable costing

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Question - Last month, Brand Products manufactured 25,000 calculators and sold 22,000 of these calculators at a price of $10.00 each. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,500; fixed manufacturing overhead, $21,500. Selling and administrative costs are all fixed and totaled $24,000. Beginning inventory consists of no units. What is Brand Products' net income using variable costing?

A. $109,000

B. $162,360

C. $119,440

D. $116,860

Reference no: EM132096369

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