What is the income for the period under variable costing


TTF, Inc., which just began this year, has the following information about JJl, the only product that it produces and sells. JJl sells for $25 per unit. During the current year, 20,000 units of JJl were sold. During the period, TTF manufactured 22,000 units of JJl. The following costs were available: variable costs per unit: direct materials-$8; direct labor-$4; variable manufacturing overhead-$2; variable selling-$3. The indirect fixed costs for TTF were manufacturing costs $55,000 and marketing $33,000. What is the income for the period under variable costing?

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Accounting Basics: What is the income for the period under variable costing
Reference No:- TGS0705501

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