Horizon Manufacturing had a net income of $425,800 based on variable costing. Beginning and ending inventories were 5,500 units and 7,200 units, respectively. Assume the fixed overhead per unit was $4.25 for both the beginning and ending inventory. What is net income under absorption costing?

Horizon Manufacturing had a net income of $425,800 based on variable costing. Beginning and ending inventories were 5,500 units and 7,200 units, respectively. Assume the fixed overhead per unit was $4.25 for both the beginning and ending inventory. What is net income under absorption costing?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter19: Variable Costing (varcost)

Section: Chapter Questions

Problem 4R: To determine the effect of different levels of production on the company’s income, move to cell B7...

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Question

can you help me with this General accounting question

Horizon Manufacturing had a net income of $425,800
based on variable costing. Beginning and ending
inventories were 5,500 units and 7,200 units,
respectively. Assume the fixed overhead per unit was
$4.25 for both the beginning and ending inventory.
What is net income under absorption costing?

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What is net income under absorption costing???
What is net income under absorption costing??? General accounting
What is net income under absorption costing?
What is the net income under absorption costing for this general accounting question?
Solution
Ming Company had a net income of $780,200 based on variable costing. Beginning and ending inventories were 8,600 units and 6,000 units, respectively. Assume the fixed overhead per unit was $3.80 for both the beginning and ending inventory. What is net income under absorption costing?
A company has a net income of $918,000 based on variable costing method. Beginning and ending inventories were 56,800 units and 55,600 units. Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What will be the net income under absorption costing?