Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for...

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Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costi

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Answer 1

Answer #1

	Year 1	Year 2	Year 3
Net income	297,100	273,000	255,600
Add(Deduct) FMOH deferred or released under absorption costing	-28,100	20,794	21,356
Absorption costing net operating income	269,000	293,794	276,956

.

(205-155)*562 = 28100

(155-192)*562 = 20,794

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Answer 2

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