Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. net income from absorption costing method is $70,0

Net income from Absorption costing method is $70,000. If there are 6,000 units of beginning...

90.2K

Verified Solution

Question

Accounting

Net income from Absorption costing method is $70,000. If there are 6,000 units of beginning inventory and 4,000 units of ending inventory, then calculate the Net income from Variable costing method. Note: DM = 2/unit, DL = 1/unit, Variable MOH is 3/unit and Fixed MOH is $60,000. Total number of production is 10,000 units.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

14 1 point Which data is qualitative Height Employment status Income Age Previous

Algebra
Q

A daredevil college professor wants to jump across a canyon of depth 100m and width 50m...

Physics
Q

A shock wave in air exists in a de Laval nozzle where the cross-sectional area is...

Mechanical Engineering
Q

a research center base in Canada used data sample of 25 university that over degree programme...

Statistics
Q

Solve the initial value problem. (x^2 * D^2 +xD - 4i) * y = x^3, y(1)...

Advance Math
Q

If the momentum of an electron is changed by p then the de Broglie wavelength...

Physics
Q

99 Light is incident on a right angle prism as shown in figure On the...

Physics
Q

Enter the value of n such that n 6 n Use the on screen keyboard...

Algebra
Q

Find the function f(x) that satisfies the following conditions:f(-2) = f(1) = 0, f(x) <...

Algebra
Q

Simplify 1 8 6 40 2 18 3 24 7 45 8 54 12 72...

Algebra
Q

The standard cost card for the single product manufactured by Cutter, Inc., is given below:...

Accounting
Q

The Marine Division of Pacific Corp. has average invested assets of $110,000,000. Sales revenue of...

Accounting