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1 pts Question 10 Question #10 is independent of the previous questions. A company had net income of $60,000 on their direct (variable) costing Income
1 pts Question 10 Question #10 is independent of the previous questions. A company had net income of $60,000 on their direct (variable) costing Income Statement for a given period. Beginning inventories for that period were 13.000 units and ending inventories were 21,000 units. The company makes 4 units per hour. The Production Volume Variance or Denominator Volume Variance was 0. If the fixed overhead application rate was $8.00 per HOUR for all periods involved, what was the net income using absorption costing? $68,000 $76,000 $44,000 $124,000 $52.000
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