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EXERCISE 6-2 Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO6-2] Refer to the data in Exercise 6-1 for Ida Sidha Karya Company. The absorption costing income statement prepared by the company's accountant for last year appears below: Sales.. $191,250 157,500 Cost of goods sold Gross margin Selling and adminjstrative expense Net operating income 33,750 24,500 $ 9,250 Required: Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. Prepare an income statement for the year using variable costing. Explain the difference in net operating income between the two costing methods. EXERCISE 6-2 Variable Costing Income Statement; Explanation of Difference in Net Operating Income [LO6-2] Refer to the data in Exercise 6-1 for Ida Sidha Karya Company. The absorption costing income statement prepared by the company's accountant for last year appears below: Sales.. $191,250 157,500 Cost of goods sold Gross margin Selling and adminjstrative expense Net operating income 33,750 24,500 $ 9,250 Required: Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. Prepare an income statement for the year using variable costing. Explain the difference in net operating income between the two costing methods

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