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Kluber, Inc. had net income of $916,000 based on variable costing. Beginning and ending inventories...

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Accounting

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Kluber, Inc. had net income of $916,000 based on variable costing. Beginning and ending inventories were 56,600 units and 55,200 units, respectively. Assume the fixed overhead per unit was $2.05 for both the beginning and ending inventory. What is net income under absorption costing? Watson Company has monthly fixed costs of $73,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $14,000, what dollar amount of sales must be made to produce the target income

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