Toth,IncHad Net Income of $950,000 Based on Variable Costing

question 165

Essay

Toth,Inc.had net income of $950,000 based on variable costing.Beginning and ending inventories were 60,000 units and 56,000 units,respectively.Assume the fixed overhead cost per unit was $.85 for both the beginning and ending inventory.What is net income under absorption costing?

---

Definitions:

Underextension

A linguistic phenomenon where a child applies a word in a narrower scope than its usual meaning.

Overregularization

Overregularization is a language acquisition phenomenon where children apply regular grammatical rules too widely, leading to errors such as using "goed" instead of "went."

Perceptual Biases

Cognitive biases that impact how we perceive and interpret information from our senses.

Infant Language Development

The process by which infants acquire the capacity to understand and produce spoken language during the first few years of life.