The Following Information Relates to Marshall Manufacturing's Current Accounting Period

question 120

Multiple Choice

The following information relates to Marshall Manufacturing's current accounting period: $\begin{array}{llr} \text { Raw materials used } &\$16,300\\ \text { Direct labor wages } &32,300\\ \text { Sales salaries and commissions } &24,300\\ \text { Depreciation on production equipment } &2,930\\ \text { Rent on manufacturing facilities } &3,930\\ \text {Administrative supplies and utilities } &4,300\\ \text { Sales revenue } &98,000\\ \text {Units produced } &3,300\\ \text { Unit sold } &3,300\\\end{array}$ Based on this information, what is the company's net income? (Do not round intermediate calculations.)

• A) $16,870
• B) $31,640
• C) $13,940
• D) $14,930

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Definitions:

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