Sterling, Inc. had a net income of $1,200,000 based on variable costing. Beginning and ending inventories were 70,000 units and 67,000 units, respectively. Assume the fixed overhead per unit was $2.00 for both the beginning and ending inventory. What is net income under absorption costing?

What is net income under absorption costing? General accounting

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Ming Company had a net income of $780,200 based on variable costing. Beginning and ending inventories were 8,600 units and 6,000 units, respectively. Assume the fixed overhead per unit was $3.80 for both the beginning and ending inventory. What is net income under absorption costing?

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A company has a net income of $918,000 based on variable costing method. Beginning and ending inventories were 56,800 units and 55,600 units. Assume the fixed overhead per unit was $2.15 for both the beginning and ending inventory. What will be the net income under absorption costing?

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