variable and absorption costing question 1

CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1 No compete Points out of 20,00 og qestion Variable and Absorption Costing Chandler Company sells its product for $106 per unit. Variable manufacturing costs per unit are $47, and fixed manufacturing costs at the normal operating expenses are $18 per unit sold. Fioxed administrative level of 12,000 units are $240,000. Variable selling expenses total $104,000. Chandler had no beginning inventory in 2016. During 2016, the company produced 12,000 units and sold 9.000. Would net income for Chandler Company in 2016 be higher if calculated using variable costing or using Calculate reported income using each method. Do not use negative signs with any answers Costing Income Statement Sales s 954000 Cost of Goods Sold: Beginning Inventory Variable Costs Flxed Costs Less. Ending inventory Cost of Goods Sold 0. Net Income