Question -
Actual Sales 150,000 units
Production 160,000 units
Selling price $34 per unit
Direct Materials $4 per unit
Direct Labor $4 per unit
Fixed manufacturing costs $5 per unit
Variable Overhead costs $4 per unit
Variable administrative costs $2 per unit sold
Fixed administrative Cost $100,000
What is the net income after reconciliation for throughput costing, please include the steps.