Posted by steve 1 year ago In:

accounting

Help with accounting

Qadir Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price ......................................................................................
$93
Units in beginning inventory ...............................................................
0
Units produced .................................................................................
5,400
Units sold .........................................................................................
5,200
Units in ending inventory ...................................................................
200
Variable costs per unit:
Direct materials .............................................................................
$24
Direct labor ...................................................................................
27
Variable manufacturing overhead ...................................................
2
Variable selling and administrative ..................................................
10
Fixed costs:
Fixed manufacturing overhead ........................................................
$108,000
Fixed selling and administrative ......................................................
36,400
Required:
What is net income under absorption costing?