Homework Answers
Calculate following
| Year 1 | Year 2 | Year 3 | |
| Variable costing net operating income | 300000 | 269000 | 260000 |
| Add (Deduct) Fixed manufacturing overhead deferred in (released from) Inventory under absorption costing | 50*570 = -28500 | 30*570 = 17100 | 30*570 = 17100 |
| Absorption Costing net operating income | 271500 | 286100 | 277100 |
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Required Information The following information applies to the questions displayed below) Jorgansen Lighting, Inc., manufactures heavy...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 220 170 200 170 200 230 $ 290,000 $269,000 $260,000 The company's fixed manufacturing overhead...
Required information (The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,eee 160 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead per...
[The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty street lighting...
[The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) 210 170 200 Ending (units) 170 200 240 Variable costing net operating income $290,000 $269,000 $260,000 The company’s fixed manufacturing overhead per unit was...
Required Information The following information applies to the questions displayed below) Jorgansen Lighting, Inc., manufactures heavy...
Required Information The 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, creditors, and the government. The company has provided the following data: 014919 Inventories Beginning (units) Ending units) Variable costing net The company's fixed manufacturing overhead per unit was constant at $570 for all three years 2. Assume in Year 4 that...
The following information applies to the questo displayed below Jorgansen Lighting, Inc., manufactures heavy duty street...
The following information applies to the questo displayed below Jorgansen Lighting, Inc., manufactures heavy duty street lighting systems for municipalities. The company uses variable costing for internal management reports and shareholders, creditors, and the government. The company has provided the following det Year Inwentories: Beginning out Ending units Variable costing net operating income TRE 210 159 $291700 9 188 $273.300 $254.000 The company's fred manufacturing overhead per unit was consta $552 for all three years 3. 2.00 points Required: 1....
Required information The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 200 $279,000 200 240 $250,000 The company's fixed manufacturing overhead per...
Required information (The following information applies to the questions displayed below.] Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 220 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 160 190 $300,000 $279.000 $250.680 The company's fixed manufacturing overhead per unit was...
Required information The following information applies to the questions displayed below Jorgansen Lighting, Inc., manufactures heavy...
Required information The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 160 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,000 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead...
Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information [The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 150 $290,000 150 190 $269,000 230 $260,000 The company's fixed manufacturing overhead per...
Required information [The following information applies to the questions displayed below.) Jorgansen Lighting, Inc., manufactures heavy-duty...
Required information [The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 203 152 152 185 $290,300 $278.200 185 229 $250,500 The company's fixed manufacturing overhead per...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 220 170 200 170 200 230 $ 290,000 $269,000 $260,000 The company's fixed manufacturing overhead...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,eee 160 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead per...
Required Information The 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, creditors, and the government. The company has provided the following data: 014919 Inventories Beginning (units) Ending units) Variable costing net The company's fixed manufacturing overhead per unit was constant at $570 for all three years 2. Assume in Year 4 that...
The following information applies to the questo displayed below Jorgansen Lighting, Inc., manufactures heavy duty street lighting systems for municipalities. The company uses variable costing for internal management reports and shareholders, creditors, and the government. The company has provided the following det Year Inwentories: Beginning out Ending units Variable costing net operating income TRE 210 159 $291700 9 188 $273.300 $254.000 The company's fred manufacturing overhead per unit was consta $552 for all three years 3. 2.00 points Required: 1....
Required information The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $290,000 160 200 $279,000 200 240 $250,000 The company's fixed manufacturing overhead per...
Required information (The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 220 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 160 190 $300,000 $279.000 $250.680 The company's fixed manufacturing overhead per unit was...
Required information The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 160 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 160 $300,000 190 $269,000 190 220 $260,000 The company's fixed manufacturing overhead...
Required information [The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 190 Inventories Beginning (units) Ending (units) Variable costing net operating income 210 150 $290,000 150 190 $269,000 230 $260,000 The company's fixed manufacturing overhead per...
Required information [The 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, creditors, and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories: Beginning (units) Ending (units) Variable costing net operating income 203 152 152 185 $290,300 $278.200 185 229 $250,500 The company's fixed manufacturing overhead per...
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