Question
Front Company had net income of $74,500 based on variable costing. Beginning and ending inventories were 1,000 units and 1,600 units, respectively. Assume the fixed
Front Company had net income of $74,500 based on variable costing. Beginning and ending inventories were 1,000 units and 1,600 units, respectively. Assume the fixed overhead per unit was $8.00 for both the beginning and ending inventory. What is net income under absorption costing?
- $53,700
- $95,300
- $79,300
- $75,000
- $69,700
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
