What is net income under absorption costing? Nautilus, Inc. had a net income of $785,000based on variable costing. Beginning andending inventories were 63,400 units and68,900 units, respectively. Assume thefixed overhead per unit was $2.15 for boththe beginning and ending inventory.What is net income under absorptioncosting?

Definition of Variable Costing:Variable costing is a method of accounting in which only variable…

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

Principles of Accounting Volume 2

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Chapter5: Process Costing

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

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The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31: Assume that 8,500 million of cost of goods sold and 4,000 million of selling, administrative, and other expenses were fixed costs. Inventories at the beginning and end of the year were as follows: Also, assume that 30% of the beginning and ending inventories were fixed costs. a. Prepare an income statement according to the variable costing concept for Caterpillar Inc. Round numbers to nearest million. b. Explain the difference between the amount of operating income reported under the absorption costing and variable costing concepts. Round numbers to nearest million.
The following information pertains to Vladamir, Inc., for last year: There are no work-in-process inventories. Normal activity is 100,000 units. Expected and actual overhead costs are the same. Costs have not changed from one year to the next. Required: 1. How many units are in ending inventory? 2. Without preparing an income statement, indicate what the difference will be between variable-costing income and absorption-costing income. 3. Assume the selling price per unit is 29. Prepare an income statement using (a) variable costing and (b) absorption costing.
What is the net income under absorption costing for this general accounting question?
What is net income under absorption costing?
What is net income under absorption costing? General accounting
What is net income under absorption costing?
Can you answer this financial Accounting Question?
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?
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Subject:-- Financial accounting
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?
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Nautilus, Inc. had a net income of $785,000 based on variable costing. Beginning and ending inventories were 63,400 units and 68,900 units, respectively. Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What is net income under absorption costing?