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Mallory Industries Has the Following Cost Information for the Year

Question 33

Multiple Choice

Mallory Industries has the following cost information for the year just ended: Mallory Industries has the following cost information for the year just ended: During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing? A) $251,250. B) $254,850. C) $285,000. D) $299,850. E) None of the answers is correct. During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing?


A) $251,250.
B) $254,850.
C) $285,000.
D) $299,850.
E) None of the answers is correct.

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