Pharoah Company produced 19,600 units and sold 18,360 during the current year. Under absorption costing, net income
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Question:
Pharoah Company produced 19,600 units and sold 18,360 during the current year. Under absorption costing, net income was $24,10. Fixed overhead was $162.680. Determine the net income under variable costing. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)
Expert Answer:
To determine the net income under variable costing we need to calculate the variable cost per unit and then determine the total variable cost for the ... View the full answer
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