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expeople1 [14]
3 years ago
8

Ming Company had net income of $772,200 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 u

nits, respectively. Assume the fixed overhead per unit was $3.00 for both the beginning and ending inventory. What is net income under absorption costing?
Business
1 answer:
Otrada [13]3 years ago
7 0

Answer:

$764,400

Explanation:

Given that,

Net income under variable costing = $772,200

Beginning inventories = 7,800 units

Ending inventories = 5,200 units

Fixed overhead per unit = $3

Net income under absorption costing:

= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]

= $772,200 - [(7,800 - 5,200) × $3]

= $772,200 - $7,800

= $764,400

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3 years ago
Darwin Inc. sells a particular textbook for $20. Variable expenses are $14 per book. At the current volume of 50,000 books sold
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Answer:

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7 0
3 years ago
Matt wants to attend a university in California and is waiting to hear back from schools where he has applied. He has filled out
Andreyy89

Answer:

Getting a work-study job

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Explanation:

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3 years ago
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