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Help Save & Required information Exercise 6-3 Reconciliation of Absorption and Variable Costing Net Operating Incomes [Lo6-3] IThe following information applies to the questions displayed below Jorgansen Lighting, Inc., 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, credit and the government. The company has provided the following data: Year 1 Year 2 Year Inventories Beginning (units) Ending (units) 220 150 150 190 190 240 Variable costing net operating income $290,000 $269,000 $260,000 The company's fixed manufacturing overhead per unit was constant at $550 for all three years. xercise 6-3 Part 1 equired: Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value. Prev 1 2 of 3 Next > pter 6 ICA #3 Saved Help variable costing net operating income $290,000 $269,000$260,000 The company's fixed manufacturing overhead per unit was constant at $550 for all three years. 1 of 2 Exercise 6-3 Part 1 Required 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative ook Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes int Year 1 Year 2 Year 3 int Variable costing net operating income Add (deduct) fixed manufacturing overhead deferred in (released from) inventory under absorption costing Absorption costing net operating income Prev 1 2 of 3 Next >

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