Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information exercise 6.3 (algo) reconcili

Required information Exercise 6.3 (Algo) Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO6-3]...

50.1K

Verified Solution

Question

Accounting

image
Required information Exercise 6.3 (Algo) Reconciliation of Absorption and Variable Costing Net Operating Incomes [LO6-3] [The following intormaton applies to the questions displayed below] Jorgansen Lighting. Incorporated, manufactures heavy-duty street lighting systems for municipalibes. The company uses varlable costing for imernal management reports and absorption costing for external reponts to shareholders, creditors. and the government. The company has provided the following data The companys fixed manufacturing overhead per unit was constant at $570 for all thee years. Exercise 6.3 (Algo) Port 2 2. Assume in Year 4 that the company's variable costing net operating income was 5260,000 and its absorption costing net operating income was $290.000 a Did inventones increase or decreast during Year 4? increase Decrease b. How much fixed manufacturing oveheod cost was defened a releosed from inventory during Year 4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

an altitude of 1200 Ft The angle of 21 About how far does depression John...

Geometry
Q

television have a lifetime of 482 hours; The Sony factory makes 10,588  in 3months. the average of...

Statistics
Q

what is the difference between a triglyceride and a lipid? why are they not equivalent terms?

Medical Sciences
Q

springs of spring constants k and k separately executes simple harmonic motion During oscillation the...

Physics
Q

29 C 1 sino A r 3 sing intersection ts 12 n

Geometry
Q

Based on the graph of the trigonometric functions f (?) = 4sin? + 3 and...

Calculus
Q

Use the change of base formula and a calculator to evaluate the following logarithm log...

Algebra
Q

Ferris Company began January with 9,000 units of its principal product. The cost of each...

Accounting
Q

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...

Accounting
Q

Churchill Products is considering updating its cost system to an activity-based costing system and is...

Accounting
Q

The foliowing accounting information pertains to two grocery stose chains. One grocery store chain has...

Accounting
Q

1 Green Lawn Company sells garden supplies. Management is planning its cash needs for the...

Accounting