What would be net income under absorption costing, Accounting Basics

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What would be net income under absorption costing

Canyon reported $106,000 of net income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 50,000 units, and sales of 47,000 units. Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, what would be net income under absorption costing ?

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Accounting Basics: What would be net income under absorption costing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What would be net income under absorption costing

Reference No:- TGS081707

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What would be the the amount of administrative cost

Q : What government actually did and why merger not occurring

Q : Write a program that prompts the user for an integer

Q : How many containers should compressors using

Q : What would be net income under absorption costing

Q : Faculty members may use the tiny college-owned vehicles

Q : Partnership income before the bonus

Q : Using coinfilp to create a new class

Q : Compute the unit sales to earn the target

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What would be net income under absorption costing

Reference No:- TGS081707

Recent Questions Asked Accounting Basics

Q : What would be the the amount of administrative cost

Q : What government actually did and why merger not occurring

Q : Write a program that prompts the user for an integer

Q : How many containers should compressors using

Q : What would be net income under absorption costing

Q : Faculty members may use the tiny college-owned vehicles

Q : Partnership income before the bonus

Q : Using coinfilp to create a new class

Q : Compute the unit sales to earn the target

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