Franz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $220,000. The company sells its units for $45 each. Additional data follow.
Planned Production in units 10,000
Actual Production in unitsAc€¦..10,000
Number of units sold 8,500
| There were no variances.
The net income (loss) under absorption costing is: |
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