Bugesera PLC reported $$111,000$ of income for the year by using variable costing. The company had no beginning inventory, planned and actual production of $50,000$ units, and sales of $47,000$ units. Standard variable manufacturing costs were $$15$ per unit, and total budgeted fixed manufacturing overhead was $$75,000.$ If there were no variances, what would be the income under absorption costing?

Answer rating: 100% (QA)

Under absorption costing the income would be calculated as follows 1 Ca... View the full answer