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o Question 15 33 pts This information will be used for the next four questions. Shelley Company gives you the following information for the three
o Question 15 33 pts This information will be used for the next four questions. Shelley Company gives you the following information for the three most recent years of operations There is purposefully not enough information to do income statements. They are not required to do the questions and will involve more work than necessary. They started 2015 with zero inventories. They use Absorption conting for financial reporting and direct conting for internal purposes. 2015 2016 2017 Production 100 units 80 units 120 units Sales BO unita 75 units 130 units Direct coat per unit $15 $15 $15 Total Tixed Overhead $720 $720 5720 Assuming Shelley Company uses FIPO, what is the relationship of incomes in 2017 Absorption costing is $81 higher this period. Absorption costing is $81 lower this period. Absorption costing is $135 higher this period. Absorption costing is $135 lower this period. Absorption costing is $90 lower this period
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