Question 14 6 pts During the current period, 5,000 units were produced and 4,000 units were sold. Fixed manufacturing costs incurred amounted to $100,000. An absorption costing income statement would report fixed manufacturing costs as which of the following? O Overhead Costs of $80,000 as a deduction from sales revenue to obtain gross profit Overhead Costs of $80,000 as a deduction from sales revenue to obtain contribution margin Overhead Costs of $100,000 as a deduction from gross profit to obtain operating income Overhead Costs of $100,000 as a deduction from contribution margin to obtain operating income

During the current period, 5,000 units were produced and 4,000 units were sold. Fixed manufacturing costs incurred amounted to $100,000. An absorption costing income statement would report fixed manufacturing costs as which of the following? Overhead Costs of $80,000 as a deduction from sales revenue to obtain gross profit Overhead Costs of $100,000 as a deduction from gross proft to obtain operating income