QS 19-12 Converting variable costing income to absorption costing income LO P3 Ming Company had net income of $762,200 based on variable costing. Beginning and ending inventories were 6,800 units and 4,200 units, respectively. Assume the fixed overhead per unit was $2.00 for both the beginning and ending inventory. What is net income under absorption costing? When the number of units sold exceeds the number of units produced, net income under absorption costing will be The difference in income is equal to: Net income under variable costing Net income under absorption costing QS 19-13 Converting variable costing income to absorption costing income LO P3 Mortech had net income of $253,000 based on variable costing. Beginning and ending inventories were 53,000 units and 49,500 units, respectively. Assume the fixed overhead per unit was $0.65 for both the beginning and ending inventory. What is net income under absorption costing? When the number of units sold exceeds the number of units produced, net income under absorption costing will be: The difference in income is equal to: Net income under variable costing Net Income under absorption costing QS 19-14 Converting variable costing income to absorption costing income LO P3 Hong Co. had net income of $385,100 under variable costing. Beginning and ending inventories were 2.500 units and 3,800 units, respectively. Fixed overhead cost was $3.90 per unit for both the beginning and ending inventory. What is net income under absorption costing? When the number of units produced exceeds the number of units sold, net income under absorption costing will be: The difference in income is equal to: Net income under variable costing Net income under absorption costing