Question: Net income from Variable costing method is $70,000. If there are 6,000 units of beginning inventory and 4,000 units of ending inventory, then calculate the

Net income from Variable costing method is $70,000. If there are 6,000 units of beginning inventory and 4,000 units of ending inventory, then calculate the Net income from Absorbtion costing method. Note: DM = 3/unit, DL = 2/unit, Variable MOH is 4/unit and Fixed MOH is $120,000. Total number of production is 12,000 units.

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