Assume absorption costing net income is $42000, beginning inventory co inventory consists of 840 units, the variable overhead rate is $10 per uni is $15 per unit. Determine the net income under variable costing.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Assume absorption costing net income is $42000, beginning inventory consists of O units and ending
inventory consists of 840 units, the variable overhead rate is $10 per unit, and the fixed overhead rate
is $15 per unit. Determine the net income under variable costing.
$63000
$54600
$29400
$21000
Transcribed Image Text:Assume absorption costing net income is $42000, beginning inventory consists of O units and ending inventory consists of 840 units, the variable overhead rate is $10 per unit, and the fixed overhead rate is $15 per unit. Determine the net income under variable costing. $63000 $54600 $29400 $21000
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