Slider Slicker experienced the following costs in 2011 (assume the same unit co

Slider Slicker experienced the following costs in 2011 (assume the same unit costs in all years): Direct materials $8.75 / unit Direct labor $5.50 / unit Manufacturing Overhead Costs Variable $4.85 / unit Fixed $87250 Selling & Administrative Costs Variable selling $1.05 / unit Fixed selling $8000 Fixed administrative $2000
There were 6000 units in beginning inventory. During the year the company manufactured 60000 units and sold 63500 units. If net income using
variable costing was $109750 how much is net income using full costing?
Answer
$103375 $105375 $111375 $113375