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This is the same information as the prior question. 2017 Billboard Co gives you the following information for the three most recent years of operations.

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This is the same information as the prior question. 2017 Billboard Co 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 Costing for financial reporting and Direct Coating for internal purposes. 2015 2016 Production 100 units 80 units 120 units Sales 80 units 75 units 130 units Direct cost per unit $15 $15 Total Fixed Overhead $720 $720 $720 $15 Assuming Billboard uses LITO, what is the relationship of incomes in 2017? Absorption costing is 501 higher this period. Absorption conting is $81 lower this period Absorption costing is #90 higher this period. Absorption costing is $90 lower this period. Absorption costing is $135 lower this period

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