Reference no: EM132582839
Sales (96,000 units) $4,440,000
Cost of good sold:
Cost of good manufactured $3,120,000
Less ending inventory (24,000 units) 624,000
Cost of good sold $2,496,000
Gross profit $1,944,000
Selling and administrative expenses 288,000
Income from operations $1,656,000
Assuming that the fixed manufacturing costs were $132,000 and the variable selling and administrative expenses were $115,200.
Question 1: How do find out the absorption costing income from operation and the variable costing income from operations?