Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ]):} (1) absorption costing operating income

]):} (1) Absorption costing operating income (2) Variable...

80.2K

Verified Solution

Question

Accounting

]):}
(1) Absorption costing operating income
(2) Variable costing operating income
(3) Difference (1)-(2)
(4) Fixed mlg. costs in ending inventory (Absorption)
(5) Fixed mtg. costs in beginning inventory (Absorption)
(6) Difference (4)-(5)
[ Use the reconcliation table you completed above to explain to Jeff Macon the positive operating income in2020 and the drop in operating income in2021, that is shown on the absorption costing income statement.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students