Homework Answers
Answer- Total income reported in absorption costing is =$486500.
Explanation- Total income reported in absorption costing = Variable costing income+(Ending inventory*Fixed manufacturing overhead per unit)
= $410000+(8500 units*$9 per unit)
= $410000+$76500
= $486500
Unit fixed manufacturing overhead= fixed manufacturing overhead/No. of units produced
=$342000/38000 units =$9 per unit
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