John Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each...
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John Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $500 after negotiations. In the month of January, it manufactures 3,000 tables and sells 2,600 tables. The budgeted production was 3,000 units. Actual fixed costs are the same as the amount of fixed costs budgeted for the month The following information is provided for the month of January: Variable manufacturing costs Fixed manufacturing costs Fixed administrative expenses $140 per unit $90,000 per month $30,000 per month At the end of the month, John Peck's Furniture has an ending inventory of finished goods of 400 units. The company also incurs a marketing cost of $13 per unit. What is income when using absorption costing? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) $794,200 $828,000 $858,000 $824,200
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