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Ryanbay. Incorporated had net income of $916,000 based on variable costing. Beginning and ending inventories were 56,600 units and 55,200 units, respectively Assume the

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Ryanbay. Incorporated had net income of $916,000 based on variable costing. Beginning and ending inventories were 56,600 units and 55,200 units, respectively Assume the fixed overhead per unit was $2.05 for both the beginning and ending inventory. What is net income under absorption costing? Multiple Choice $1,030,595 $910,260 $801,405 $916,000 $913,130 A

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