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The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing $125,000 Marketing 23,000 Administrative 21,000 Variable costs: Manufacturing $115,000 Marketing 30,000 Administrative 43,000 During the year, the company produced and sold 30,000 units of product at a selling price of $15
The following information for the past year for the Blaine Corporation has been provided:
|
Fixed costs: |
|
|
Manufacturing |
$125,000 |
|
Marketing |
23,000 |
|
Administrative |
21,000 |
|
Variable costs: |
|
|
Manufacturing |
$115,000 |
|
Marketing |
30,000 |
|
Administrative |
43,000 |
During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year.
What is the operating income (loss) for the year?
A) $281,000
B) $450,000
C) $262,000
D) $93,000
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