Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing...
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Jorgansen Lighting, Incorporated, manufactures heavyduty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports. The company provided the following data:
Year Year Year
Inventories
Beginning units
Ending units
Variable costing net operating income $ $ $
The companys fixed manufacturing overhead per unit was constant at $ for all three years.
Assume in Year the companys variable costing net operating income was $ and its absorption costing net operating income was $
Did inventories increase or decrease during Year
How much fixed manufacturing overhead cost was deferred or released from inventory during Year
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