Groovelex Inc.reports the following information: The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using variable costing?
A)$4,200
B)$2,000
C)$3,750
D)$3,000

Question

Groovelex Inc.reports the following information:  The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using variable costing?
A)$4,200 
B)$2,000 
C)$3,750 
D)$3,000

Quizplus · Accepted Answer

11ea84d1_1175_90d0_83dc_171bdd027c76_TB3006_00 Variable Costs:
 11ea84d1_1175_90d1_83dc_8f00cb573459_TB3006_00 Fixed Costs:
 11ea84d1_1175_90d2_83dc_3d5e7db74bb3_TB3006_00