FINANCIAL+MANAGERIAL ACCT CONNECT ACC
9th Edition
ISBN: 9781266806414
Author: Wild
Publisher: MCG CUSTOM
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A company had an income of $72,000 using absorption costing for a given period. Beginning and ending inventories for that period were 10,000 units and 15,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate was $2.50 per unit, what was the income using variable costing?
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- Provide correct answerarrow_forwardA company had an income of $72,000 using absorption costing for a given period. Beginning and ending inventories for that period were 10,000 units and 15,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate was $2.50 per unit, what was the income using variable costing?helparrow_forwardNeed answerarrow_forward
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