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Use the Following Information for the Next 4 Questions

question 54

Multiple Choice

Use the following information for the next 4 questions.
Shipp, Inc. budgets the following costs for a normal monthly volume of 500 units selling for $4,000 each. Use the following information for the next 4 questions. Shipp, Inc. budgets the following costs for a normal monthly volume of 500 units selling for $4,000 each.   -The income (loss)  using absorption costing when 500 units are produced and 400 units are sold is A)  $840,000 loss B)  $160,000 income C)  $480,000 income D)  $720,000 loss
-The income (loss) using absorption costing when 500 units are produced and 400 units are sold is


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