Question: 7. Determine the absorption net income based on the given information Net income, variable costing 50,000.00 Fixed cost beginning inventory 27,000.00 Fixed cost in ending

7. Determine the absorption net income based on the given information

7. Determine the absorption net income based on the given information Net income, variable costing 50,000.00 Fixed cost beginning inventory 27,000.00 Fixed cost in ending inventory 25,000.00 8. A contractor has the following information his construction project Constructions materials 150,000 Wages 75,000 Overhead 25,000 Profit 30,000 What is the mark up percentage on prime cost

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