Caspian Company produced 20,000 units and sold 18,000 during the current year. Under absorption costing, net income

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Caspian Company produced 20,000 units and sold 18,000 during the current year. Under absorption costing, net income was $25,000. Fixed overhead was $190,000. Determine the net income under variable costing.

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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Question Posted: Mar 13, 2017 02:48 AM

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Caspian Company produced 20,000 units and sold 18,000 during the current year. Under absorption costing, net income

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Managerial Accounting Tools for Business Decision Making

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