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Please help only need year three net operating income and year three manufacturing overhead. Need all of 2 which is based of 1 [The following
Please help only need year three net operating income and year three manufacturing overhead. Need all of 2 which is based of 1
[The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, manufactures heavy-duty 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 $570 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.) Jorgansen Lighting. Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal manogement 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 $570 for all three years. 2. Assume in Year 4 that the company's variable costing net operating income was $250,000 and its absorption costing net operating income was $290,000 a. Oid inventories increase or decrease during Year 4 ? Increase Decrease b. How much foxed manufacturing overhead cost was deferred or released from inventory during Year 4 Step by Step Solution
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