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Bean - 2 - Bar Co . is a farming corporation that grows and sells cacao. The company is publicly traded on the stock market:
BeanBar Co is a farming corporation that grows and sells cacao. The company is publicly traded on the stock market: however, management prefers to use variable costing for decisionmaking purposes. The company's books are adjusted to arrive at Absorption Income for financial reporting purposes. The company reported the following financial information for the past month:
Variable Net Income:
$
truckloads of cacao
$
$
$
The company tracks harvested crops that have not yet been shipped out as "inprocess." This inventory of cacao increased from the equivalent of full truckloads at the beginning of the month to full truckloads at the end of the month.
What was Absorption Net Income?
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