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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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?
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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