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The absorption costing income statement prepared by the company's accountant for last year appears below: Required: 1. Under absorption costing, how much fixed manufacturing overhead

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The absorption costing income statement prepared by the company's accountant for last year appears below: Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using varlable costing. Complete this question by entering your answers in the tabs below. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? Prepare an income statement for last year using variable costing

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