What is net income under absorption costing? General accounting Kluber, Inc. had a net income of $908,000 based onvariable costing. Beginning and ending inventories were55,800 units and 53,600 units, respectively. Assume thefixed overhead per unit was $1.65 for both the beginningand ending inventory. What is net income underabsorption costing?

Explanation: In the given case, we are required to calculate the net income under absorption costing…

Answered: Kluber, Inc. had a net income of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...

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Kluber, Inc. had a net income of $908,000 based on variable costing. Beginning and ending inventories were 55,800 units and 53,600 units, respectively. Assume the fixed overhead per unit was $1.65 for both the beginning and ending inventory. What is net income under absorption costing?