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2zy 22) Kosco Corporation produces a single product. The companys absorption costing income statement for March Kosco Corporation Income Statement For the Month Ended March 31 Sales (2,400 units) S48,000 24,000 Cost of goods sold 24,000 Gross margin Selling and administrative expenses: $7,200 Fixed 9.600 16.800 Variable Net operating income 200 During March, the companys variable production costs were $8 per unit and its fixed manufacturing overhead totaled $5,000. The contribution margin per unit during March was: CS3 per unit A) S10 per unit assumption, the net operating income reported under absorption costing generally will A) equal to net operating income reported under variable costing B) less than net operating income reported under variable costing.
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