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  3. ]):} (1) absorption costing operating income

]):} (1) Absorption costing operating income (2) Variable...

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Accounting

]):}
(1) Absorption costing operating income
(2) Variable costing operating income
(3) Difference (1)-(2)
(4) Fixed mlg. costs in ending inventory (Absorption)
(5) Fixed mtg. costs in beginning inventory (Absorption)
(6) Difference (4)-(5)
[ Use the reconcliation table you completed above to explain to Jeff Macon the positive operating income in2020 and the drop in operating income in2021, that is shown on the absorption costing income statement.
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