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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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