Let’s assume the following additional information for Harvey Company. 20,000 units were sold during the year at a priceof $30 each. There is no beginning inventory.
Now, let’s compute net operatingincome using both absorptionand variable costing.
Let’s assume the following additional information for Harvey Company.20,000 units were sold during the year at a price of $30 each.There is no beginning inventory. Now, let’s compute net operating income using both absorption and variable costing.