How much fixed manufacturing overhead cost was deferred, Accounting Basics

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How much fixed manufacturing overhead cost was deferred

Inventories Year 1 year 2 year 3
Beginning INV. 180 150 160
Ending INV. 150 160 200
Variable costing net oper. Income $292,400 $269,200 $251,800
Fixed manufacturing overhead per unit was constant at $450 for all3 years.

1. Determine each year's absorption costing net operating income

2. In year 4 the company's variable costing net operating income was $240.200 and its absorption costing net income was $267,200 did the inventory increase or decrease during yr 4 and how much Fixed manufacturing overhead cost was deferred or released from inventory during yr 4.

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Accounting Basics: How much fixed manufacturing overhead cost was deferred

Reference No:- TGS0722996

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Recent Questions Asked Accounting Basics

Q : Standard normal random variable

Q : Would the expensive jewelry be considered

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Q : What issues does reginald face as a result of transaction

Q : How much fixed manufacturing overhead cost was deferred

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Accounting Basics: How much fixed manufacturing overhead cost was deferred

Reference No:- TGS0722996

Recent Questions Asked Accounting Basics

Q : Standard normal random variable

Q : Would the expensive jewelry be considered

Q : Briefly describe produce and process layout

Q : What issues does reginald face as a result of transaction

Q : How much fixed manufacturing overhead cost was deferred

Q : Can you provide a real world example taken form any reputed

Q : What are the disadvantages of such a practice

Q : What will be the share of profit

Q : Which type of audit tests should be conducted

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