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Assume absorption costing net income is $60000, the fixed overhead rate is $4 per unit, the variable overhead rate is $2 per unit, and the
Assume absorption costing net income is $60000, the fixed overhead rate is $4 per unit, the variable overhead rate is $2 per unit, and the beginning inventory consists of 0 units and the ending inventory consists of 4000 units. Determine the net income under variable costing. $76000$44000$24000$84000
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