A company had income of $60,000 using absorption costing for a given period. Beginning and...
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Accounting
A company had income of $60,000 using absorption costing for a given period. Beginning and ending inventories for that period were 13,000 units and 18,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate was $3.00 per unit, what was the income using variable costing?
A. $75,000
B. $60,000
C. $45,000
D. Not sufficient information to determine.
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