Essay
Oxygen Inc.reports the following information:
Assume that the production and prices were the same in the previous year.Assume no beginning inventories.
Requirements:
a)Calculate unit cost of product using absorption costing and variable costing.
b)Calculate the operating income using absorption costing and variable costing.
Correct Answer:
Verified
a)
b)
Absorption Costing
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Correct Answer:
Verified
b)Absorption Costing
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