Raymond Company Reported the Following Units of Production and Sales

question 20

Multiple Choice

Raymond Company reported the following units of production and sales for June and July:
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.
-Refer to the Figure.What was the net income for June using variable costing?

• A)($40,000)
• B)($20,000)
• C)$20,000
• D)$40,000

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