Using the given information, determine the income under both the absorption and the direct (variable) costing methods for the company for the year. Explain the difference, if any. $\begin{array}{llcc}
\text { Beginning Inventory } & -0- \text { units} \
\text { Units produced } &15,000\
\text { Ending Inventory } &2,000\
\text {Sales price per unit } &\$44.00\
\text { Variable manufacturing costs per unit } &19.00\
\text { Variable selling $ \& $ administrative costs per unit} &4.00\
\text { Fixed manufacturing costs } &\$75000\
\text { Fixed selling and administrative costs } &\$79,950\
\end{array}$

Question

Using the given information, determine the income under both the absorption and the direct (variable) costing methods for the company for the year. Explain the difference, if any. $\begin{array}{llcc}
  \text { Beginning Inventory } & -0-  \text { units} \
 \text { Units produced } &15,000\
 \text { Ending Inventory } &2,000\
 \text {Sales price per unit  } &\$44.00\
 \text { Variable manufacturing costs per unit } &19.00\
 \text {  Variable selling $ \& $ administrative costs per unit} &4.00\
 \text { Fixed manufacturing costs } &\$75000\
 \text { Fixed selling and administrative costs } &\$79,950\
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the given information, determine the income under both the absorption and the direct (variable) costing methods for the company for the year. Explain the difference, if any. $\begin{array}{llcc}
  \text { Beginning Inventory } & -0-  \text { units} \
 \text { Units produced } &15,000\
 \text { Ending Inventory } &2,000\
 \text {Sales price per unit  } &\$44.00\
 \text { Variable manufacturing costs per unit } &19.00\
 \text {  Variable selling $ \& $ administrative costs per unit} &4.00\
 \text { Fixed manufacturing costs } &\$75000\
 \text { Fixed selling and administrative costs } &\$79,950\
\end{array}$

Using the Given Information, Determine the Income Under Both the Absorption