come of $772,200 based on variable costing. Beginning and ending inventories .80

Question

come of $772,200 based on variable costing. Beginning and ending inventories .800 units and 5.200 units, respectively. Assume the fixed overhead per unit was $3,00 for bouth the ling Company had net in g and ending inventory. What is net income under absorption costing? Mortech had net income of $250,000 based on variable costing. Beginning and ending inventories were 0000 units and 48,000 units, respectively. Assume the fixed overhead per unit was $0.75 for both the ginning and ending inventory. What is net income under absorption costing?

Explanation / Answer

1) Calculate absorption costing net operating income :

2) Calculate absorption costing net operating income :

3) Prepare schedule for cash receipt for november :

Variable costing net operating income 772200 Less: Fixed manufacturing overhead released in ending inventory (7800-5200)*3 -7800 Absorption costing net operating income 764400

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