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3.Reconcile the variable costing and absorption costing operating income figures. (Loss amounts should be indicated with a minus sign.) May June Variable Cost operating Income
3.Reconcile the variable costing and absorption costing operating income figures. (Loss amounts should be indicated with a minus sign.)
May | June | |
Variable Cost operating Income (loss) | ||
Add Cost deferred in inventory under absorption costing | ||
Deduct Cost released from inventory under absorption costing | ||
Absorption Costing Operating income |
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