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Unformatted text preview: Fixed Manufacturing Overhead 240,000 240,000 Fixed Selling and Admin Expenses 180,000 180,000 Net Operating Income ($30,000) $90,000 3) Variable Costing Net Operating Income ($30,000) $90,000 +Fixed Manufacturing Overhead deferred 32,000 in inventory under absorption-Fixed Manufacturing Overhead released (32,000) from inventory under absorption Absorption Costing Net Operating Income $2,000 $58,000...
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This note was uploaded on 11/16/2009 for the course ACCT 152 taught by Professor Bayak during the Spring '07 term at Lehigh University .
- Spring '07
- Managerial Accounting