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Q1. Net income from Absorption costing method is $70,000. If there are 6,000 units of beginning inventory and 4,000 units of ending inventory, then
Q1. Net income from Absorption costing method is $70,000. If there are 6,000 units of beginning inventory and 4,000 units of ending inventory, then calculate the Net income from Variable costing method. Note: DM = 2/unit, DL = 1/unit, Variable MOH is 3/unit and Fixed MOH is $60,000. Total number of production is 10,000 units.
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
