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(Solved) (Latest ver. Aug 2020) - Managerial Accounting:Absorption costing VS variable costing

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Abbitt Company, which has only one product, has provided the following data concerning its most recent month of operations:

19.What is the unit product cost for the month under variable costing?
A)$80
B)$119
C)$113
D)$86

20.What is the unit product cost for the month under absorption costing?
A)$86
B)$119
C)$113
D)$80

21.The total contribution margin for the month under the variable costing approach is:
A)$66,700
B)$128,800
C)$46,300
D)$142,600

22.The total gross margin for the month under the absorption costing approach is:
A)$11,500
B)$66,700
C)$89,300
D)$128,800

23.What is the net operating income for the month under variable costing?
A)$4,900
B)$11,500
C)$6,600
D)($11,100)

24.What is the net operating income for the month under absorption costing?
A)($11,100)
B)$11,500
C)$6,600
D)$4,900

 







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