Business, 22.12.2020 03:40 annetteaudc

Pact Company had net income of $972,000 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 units, respectively. Assume the fixed overhead per unit was $3.61 for both the beginning and ending inventory. What is net income under absorption costing? a. $969,400
b. $925,077
c. $962,614
d. $981,379
e. $1,018,923

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Pact Company had net income of $972,000 based on variable costing. Beginning and ending inventories...

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