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Exercise 4 - 3 ( Algo ) Reconciliation of Absorption and Variable Costing Net Operating Incomes [ LO 4 - 3 ] Required information Exercise
Exercise Algo Reconciliation of Absorption and Variable Costing Net Operating Incomes LORequired information Exercise Algo Reconciliation of Absorption and Variable Costing Net Operating Incomes LO The following information applies to the questions displayed below. Jorgansen Lighting, Incorporated, manufactures heavyduty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: The company's fixed manufacturing overhead per unit was constant at $ for all three years. Exercise Algo Part Required: Calculate each year's absorption costing net operating income. Note: Enter any losses or deductions as a negative value. The following information applies to the questions displayed below. Jorgansen Lighting, Incorporated, manufactures heavyduty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: The company's fixed manufacturing overhead per unit was constant at $ for all three years. Exercise Algo Part Assume in Year that the company's variable costing net operating income was $ and its absorption costing net operating income was $ a Did inventories increase or decrease during Year b How much fixed manufacturing overhead cost was deferred or released from inventory during Year Complete this question by entering your answers in the tabs below. Required b How much fixed manufacturing overhead cost was deferred or released from inventory during Year
Exercise Algo Reconciliation of Absorption and Variable Costing Net Operating Incomes LORequired information
Exercise Algo Reconciliation of Absorption and Variable Costing Net Operating Incomes LO
The following information applies to the questions displayed below.
Jorgansen Lighting, Incorporated, manufactures heavyduty street lighting systems for municipalities. The company uses
variable costing for internal management reports and absorption costing for external reports to shareholders, creditors,
and the government. The company has provided the following data:
The company's fixed manufacturing overhead per unit was constant at $ for all three years.
Exercise Algo Part
Required:
Calculate each year's absorption costing net operating income.
Note: Enter any losses or deductions as a negative value.
The following information applies to the questions displayed below.
Jorgansen Lighting, Incorporated, manufactures heavyduty street lighting systems for municipalities. The company uses
variable costing for internal management reports and absorption costing for external reports to shareholders, creditors,
and the government. The company has provided the following data:
The company's fixed manufacturing overhead per unit was constant at $ for all three years.
Exercise Algo Part
Assume in Year that the company's variable costing net operating income was $ and its absorption costing net operating
income was $
a Did inventories increase or decrease during Year
b How much fixed manufacturing overhead cost was deferred or released from inventory during Year
Complete this question by entering your answers in the tabs below.
Required b
How much fixed manufacturing overhead cost was deferred or released from inventory during Year
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