Question
E-Com had net income of $130,000 under variable costing. Beginning and ending inventories were 1,200 units and 4,900 units, respectively. Fixed Overhead cost was $2.50
E-Com had net income of $130,000 under variable costing. Beginning and ending inventories were 1,200 units and 4,900 units, respectively. Fixed Overhead cost was $2.50 per unit for both the beginning and ending inventory. What is the net income under absorption costing?
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
