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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?
Prevalence
The proportion of a population found to be affected by a particular disease, condition, or factor at a specific time.
United States
A federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions, known for its significant influence on global politics, economy, and culture.
World Health Organization
A specialized agency of the United Nations responsible for international public health.
Mania
A mental health condition characterized by periods of excessive euphoria, heightened energy, impaired judgment, and sometimes psychotic features, often observed in bipolar disorder.
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