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Kluber, Inc. had a net income of $926,000 based on variable costing. Beginning and ending inventories were 56,800 units and 52,150 units, respectively. Assume the fixed overhead per unit was $1.87 for both the beginning and ending inventory. What is net income under absorption costing?

Kluber, Inc. had a net income of $926,000 based on variable costing. Beginning and ending inventories were 56,800 units and 52,150 units, respectively. Assume the fixed overhead per unit was $1.87 for both the beginning and ending inventory. What is net income under absorption costing?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 7E: The following data were adapted from a recent income statement of The Procter Gamble Company (PG):...
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Kluber, Inc. had a net income of $926,000 based on variable costing. Beginning and ending inventories were 56,800 units and 52,150 units, respectively. Assume the fixed overhead per unit was $1.87 for both the beginning and ending inventory. What is net income under absorption costing?
Transcribed Image Text:Kluber, Inc. had a net income of $926,000 based on variable costing. Beginning and ending inventories were 56,800 units and 52,150 units, respectively. Assume the fixed overhead per unit was $1.87 for both the beginning and ending inventory. What is net income under absorption costing?
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