Net income under variable costing will exceed net income under absorption costin

Question

Net income under variable costing will exceed net income under absorption costing by $60,000. Net income will be the same under both absorption and variable costing. Net income under variable costing will exceed net income under absorption costing by $50,000. Net income under absorption costing will exceed net income under variable costing by $50,000. Net income under absorption costing will exceed net income under variable costing by $60,000. Vision Tester, Inc., a manufacturer of optical glass, began operations on February 1 of the current year. During this time, the company produced 900,000 units and sold 800,000 units at a sales price of $12 per unit. Cost information for this year is shown below. Given this information, which of the following is true?

Explanation / Answer

Net income under variable costing will exceed net income under absorption costing by $5

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