Bramble Company produced 20, 300 units and sold 18,060 during the current year. Under absorption costing, net income was $25,900. Fixed overhead was $162,400. Determine the net income under variable costing. (Round per unit calculations to 2 decimal places, eg. 15.25 and final answer to O decimal places, eg. 125.)
Bramble Company produced 20, 300 units and sold 18,060 during the current year. Under absorption costing, net income was $25,900. Fixed overhead was $162,400. Determine the net income under variable costing. (Round per unit calculations to 2 decimal places, eg. 15.25 and final answer to O decimal places, eg. 125.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Bramble Company produced 20, 300 units and sold 18, 060 during the current year. Under
absorption costing, net income was $25,900. Fixed overhead was $162, 400. Determine the net
income under variable costing. (Round per unit calculations to 2 decimal places, eg. 15.25 and final
answer to O decimal places, eg. 125.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9b40f36-0167-4817-b001-5285f01a06b8%2Fe9d87359-a46d-48c6-a6a3-0687643d5a06%2F8yyswph_processed.png&w=3840&q=75)
Transcribed Image Text:Bramble Company produced 20, 300 units and sold 18, 060 during the current year. Under
absorption costing, net income was $25,900. Fixed overhead was $162, 400. Determine the net
income under variable costing. (Round per unit calculations to 2 decimal places, eg. 15.25 and final
answer to O decimal places, eg. 125.)
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