Reference no: EM132571604
Glavine Motors assembles cars and sells them for $24,000 each. Data for April and May are:
April May
Units:
Beginning inventory 0 150
Production 500 400
Sales ? 520
Variable Costs:
Mfg. cost per unit produced $10,000 $10,000
Marketing cost per unit sold $3,000 $3,000
Fixed Costs:
Mfg. costs $2,000,000 $2,000,000
Marketing costs $600,000 $600,000
Question 1) Calculate net income for April using Variable Costing.
Question 2) Calculate net income for April using Absorption Costing
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