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    Financial and Managerial Accounting
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    Exam 21: Variable Costing
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    Groovelex Inc
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Groovelex Inc

Question 110

Question 110

Multiple Choice

Groovelex Inc.reports the following information: Groovelex Inc.reports the following information:   The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing. What is the operating income using variable costing? A) $4,200 B) $2,000 C) $3,750 D) $3,000 The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using variable costing?


A) $4,200
B) $2,000
C) $3,750
D) $3,000

Correct Answer:

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