X Ltd makes widgets.<\/p>
It has no opening inventory<\/p>
Budgeted and actual fixed manufacturing costs are $100,000<\/p>
Budgeted and actual fixed non-manufacturing costs are $40,000<\/p>
Budgeted and actual production is 10,000 units<\/p>
Variable manufacturing cost was $30 per unit<\/p>
The variable non-manufacturing cost was $5 per unit sold<\/p>
X Ltd sold 9,000 units at $60 per unit<\/p>
Calculate the Operating Income according to both Absorption and Variable costing and explain the difference<\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "0827374097", "uri": "\/textbooks\/maple-for-trigonometry-1st-edition-978-0827374096-309614", "name": "Maple For Trigonometry", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:40:49", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/you-have-found-the-following-historical-information-for-the-daniela", "description": "You have found the following historical information for the Daniela Company Earnings are expected to grow at 11 percent for the next year. 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