Multiple Choice
Fomtech,Inc.had net income of $750,000 based on variable costing.Beginning and ending inventories were 50,000 units and 48,000 units,respectively.Assume the fixed overhead per unit was $.75 for both the beginning and ending inventory.What is net income under absorption costing?
A) $751,500
B) $676,500
C) $823,500
D) $748,500
E) $750,000
Correct Answer:
Verified
Correct Answer:
Verified
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