Raymond Company Reported the Following Units of Production and Sales

question 22

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 July using absorption costing?

• A)$20,000
• B)$40,000
• C)$50,000
• D)$80,000

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