2024 – Preferred Products has the following cost information available for 2009 Direct Materials 4 00

 Preferred Products has the following cost information available for 2009:Direct Materials $4.00 per unitDirect Labor $3.00 per unitVariable manufacturing overhead $2.00 per unitVariable selling and administrative costs $1.00 per unitFixed manufacturing overhead $25,000Fixed selling and administrative costs $10,000During 2009, Preferred produced 5,000 units out of which 4,600 units were sold for $30 each.A. Calculate Preferred's net income assuming the company uses variable costing.B. Calculate Preferred's net income assuming the company uses absorption costing.

2024 – Preferred Products has the following cost information available for 2009 Direct Materials 4 00.