(Appendix 5A) Pungent Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations:
Year 1 Year 2
Units (spice racks) produced 40,000 40,000
Units (spice racks)sold 37,000 41,000
Absorption costing net
operating income $44,000 $52,000
Variable costing net
operating income $38,000 ????
Pungent’s cost structure and selling price were the same for both years. What is Pungent’s variable costing net operating income for Year 2? Answer
| a. | $48,000 | |
| b. | $50,000 | |
| c. | $54,000 | |
| d. | $56,000 |
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