Phoenix Corporation had a net income of $935,800 based on variable costing. Beginning and ending inventories were 12,500 units and 9,300 units, respectively. Assume the fixed overhead per unit was $5.60 for both the beginning and ending inventory. What is net income under absorption costing?

Phoenix Corporation had a net income of $935,800 based on variable costing. Beginning and ending inventories were 12,500 units and 9,300 units, respectively. Assume the fixed overhead per unit was $5.60 for both the beginning and ending inventory. What is net income under absorption costing?

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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Please provide correct solution and accounting question

Phoenix Corporation had a net income of $935,800 based on variable costing.
Beginning and ending inventories were 12,500 units and 9,300 units,
respectively. Assume the fixed overhead per unit was $5.60 for both the
beginning and ending inventory.
What is net income under absorption costing?

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