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    Exam 19: Variable Costing and Analysis
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    Castaway Company Reports the Following First Year Production Cost Information
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Castaway Company Reports the Following First Year Production Cost Information

Question 174

Question 174

Essay

Castaway Company reports the following first year production cost information:
Castaway Company reports the following first year production cost information:    a.Determine the net income using variable costing. b.Determine the net income using absorption costing. a.Determine the net income using variable costing.
b.Determine the net income using absorption costing.

Correct Answer:

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a.Product cost: $8 DL + $4 DM + $41 VOH ...

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