Question: ABC Company provided the following data. Calculate the difference in net income under absorption costing and variable costing: Particulars Amount ($) Sales Revenue $150,000 Variable

ABC Company provided the following data. Calculate the difference in net income under absorption costing and variable costing:

Particulars

Amount ($)

Sales Revenue

$150,000

Variable Costs

$70,000

Fixed Manufacturing Overheads

$20,000

Beginning Finished Goods

$10,000

Ending Finished Goods

$15,000

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