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Assume absorption costing net income is $104000, ending inventory consists of 500 units, the variable overhead rate is $20 per unit, and the fixed overhead

Assume absorption costing net income is $104000, ending inventory consists of 500 units, the variable overhead rate is $20 per unit, and the fixed overhead rate is $30 per unit. Determine the net income under variable costing. $25000 $129000 $89000 $119000

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