Question
Garfield Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $230,000 Fixed manufacturing overhead in production 875,000 Ending
Garfield Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $230,000 Fixed manufacturing overhead in production 875,000 Ending fixed manufacturing overhead in inventory 70,000 Beginning variable manufacturing overhead in inventory $30,000 Variable manufacturing overhead in production 100,000 Ending variable manufacturing overhead in inventory 40,000 What is the difference between operating incomes under absorption costing and variable costing? OA. $20,000 OB. $100,000 OC. $160,000 OD. $90,000 www
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