The Following Static Budget Is Provided What Will Budgeted Net Income Equal If 21,000 Units Are

question 116

Multiple Choice

The following static budget is provided: $\begin{array}{lc}\text { Units }& \underline{20,000}\text{Units}\\\text {Sales}&\$ 200,000\\\text {Less variable costs:}\\\text {Manufacturing costs}&\$70,000 \\\text {Selling and administrative costs}& \underline{ \$ 40,000 }\\\text { Contribution margin } & \$ 90,000 \\\text { Less fixed costs: } & \\\text { Manufacturing costs } & \$ 22,000 \\\text { Selling and administrative costs } & \underline{\$ 17,000} \\\text { Net income } & \underline{\$ 51,000}\end{array}$ What will budgeted net income equal if 21,000 units are produced and sold? (Do not round intermediate calculations.)

• A) $53,550
• B) $55,500
• C) $94,500
• D) $210,000

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