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Homework answers / question archive / Bernard Corporation gathered the following information for the year just ended:   Fixed costs:   Manufacturing $120,000 Marketing 42,000 Administrative 22,000 Variable costs:   Manufacturing $80,000 Marketing 22,000 Administrative 38,000   During the year, Bernard produced and sold 50,000 units of product at a selling price of $9

Bernard Corporation gathered the following information for the year just ended:   Fixed costs:   Manufacturing $120,000 Marketing 42,000 Administrative 22,000 Variable costs:   Manufacturing $80,000 Marketing 22,000 Administrative 38,000   During the year, Bernard produced and sold 50,000 units of product at a selling price of $9

Accounting

Bernard Corporation gathered the following information for the year just ended:

 

Fixed costs:

 

Manufacturing

$120,000

Marketing

42,000

Administrative

22,000

Variable costs:

 

Manufacturing

$80,000

Marketing

22,000

Administrative

38,000

 

During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.

 

What is the operating income (loss) for the year?

A) $266,000

B) $450,000

C) $126,000

D) $310,000

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