Raymond Company
Raymond Company reported the following units of production and sales for June and July: Net income using the absorption costing method for June was $40,000; net income using the variable costing method for July was $50,000. Fixed manufacturing costs were $600,000 for each month.
-Refer to Raymond Company. What was the net income for June using the variable costing method?
A) $20,000 net loss
B) $20,000 net income
C) $40,000 net loss
D) $40,000 net income
Correct Answer:
Verified
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