Ramon Company reported the following units of production and sales for June and July: Figure 8-7. Units
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Question:
Ramon Company reported the following units of production and sales for June and July: Figure 8-7.
Income under absorption costing for June was $40,000; income under variable costing for July was $50,000. Fixed costs were $600,000 for each month. |
1. Refer to Figure 8-7. How much was income for July using absorption costing?
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2. Refer to Figure 8-7. How much was income for June using variable costing?
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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