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 ?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What would be net income under absorption costing
Reference No:- TGS081707

Expected delivery within 24 Hours