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Fanelli Company Had Net Income of $678,000 Based on Variable

Question 37

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Fanelli Company had net income of $678,000 based on variable costing.Beginning and ending inventories were 5,000 units and 4,200 units,respectively.Assume the fixed overhead cost per unit was $.50 for both the beginning and ending inventory.What is net income under absorption costing?

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Income under variable costing ...

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