Ramon Company reported the following units of production and sales for June and July 2011: Net income under absorption costing for June was $40,000; net income under variable costing for July was $50,000.Fixed manufacturing costs were $600,000 for each month.
How much was net income for July using absorption costing?

Question

Ramon Company reported the following units of production and sales for June and July 2011:  Net income under absorption costing for June was $40,000; net income under variable costing for July was $50,000.Fixed manufacturing costs were $600,000 for each month.
How much was net income for July using absorption costing?

Quizplus · Accepted Answer

The Answer of Ramon Company reported the following units of production and sales for June and July 2011:  Net income under absorption costing for June was $40,000; net income under variable costing for July was $50,000.Fixed manufacturing costs were $600,000 for each month.
How much was net income for July using absorption costing?

Ramon Company Reported the Following Units of Production and Sales