How much lower would magmas net income be

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Problem

C. In its first year of operations, Magma Company had the following costs when it produced 100,000 and sold 80,000 units of its only product. Manufacturing: Fixed P180,000 Variable 160,000 Selling and administrative Fixed 90,000 Variable 40,000. Get the instant assignment help. How much lower would Magma's net income be if it used variable costing instead of full absorption costing?

Reference no: EM133901567

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