Deanne company produces a single product the companys


DeAnne Company produces a single product. The company's variable costing income statement for August appears below:

The company produced 35,000 units in August and the beginning inventory consisted of 8,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.Under absorption costing, for the month ended August 31, the company would report a: 

A. $20,000 profit
B. $5,000 los
C. $35,000 profit
D. $5,000 profit 

Solution Preview :

Prepared by a verified Expert
Managerial Accounting: Deanne company produces a single product the companys
Reference No:- TGS01280375

Now Priced at $12 (50% Discount)

Recommended (93%)

Rated (4.5/5)