Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of Difference in Net
Operating Income [LO6-2] Ida Company produces a handcrafted musical instrument called a
gamelan that is similar to a xylophone. The gamelans are sold for $980. Selected data for the
company's operations last year follow: The absorption costing income statement prepared by the
company's accountant for last year appears below: Required: 1. Under absorption costing, how
much fixed manufacturing overhead cost is included in the company's inventory at the end of last
year? 2. Prepare an income statement for last year using variable costing. Complete this question
by entering your answers in the tabs below. Under absorption costing, how much fixed
manufacturing overhead cost is included in the company's inventory at the end of last year?
Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included
in the company's inventory at the end of last year? 2. Prepare an income statement for last year
using variable costing. Complete this auestion by enterind vour answers in the tabs below.
Assessment Tool iFrame Prepare an income statement for last year using variable costing..
Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of.pdf
1. Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of Difference in Net
Operating Income [LO6-2] Ida Company produces a handcrafted musical instrument called a
gamelan that is similar to a xylophone. The gamelans are sold for $980. Selected data for the
company's operations last year follow: The absorption costing income statement prepared by the
company's accountant for last year appears below: Required: 1. Under absorption costing, how
much fixed manufacturing overhead cost is included in the company's inventory at the end of last
year? 2. Prepare an income statement for last year using variable costing. Complete this question
by entering your answers in the tabs below. Under absorption costing, how much fixed
manufacturing overhead cost is included in the company's inventory at the end of last year?
Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included
in the company's inventory at the end of last year? 2. Prepare an income statement for last year
using variable costing. Complete this auestion by enterind vour answers in the tabs below.
Assessment Tool iFrame Prepare an income statement for last year using variable costing.
![Exercise 6-2 (Algo) Variable Costing Income Statement; Explanation of Difference in Net
Operating Income [LO6-2] Ida Company produces a handcrafted musical instrument called a
gamelan that is similar to a xylophone. The gamelans are sold for $980. Selected data for the
company's operations last year follow: The absorption costing income statement prepared by the
company's accountant for last year appears below: Required: 1. Under absorption costing, how
much fixed manufacturing overhead cost is included in the company's inventory at the end of last
year? 2. Prepare an income statement for last year using variable costing. Complete this question
by entering your answers in the tabs below. Under absorption costing, how much fixed
manufacturing overhead cost is included in the company's inventory at the end of last year?
Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included
in the company's inventory at the end of last year? 2. Prepare an income statement for last year
using variable costing. Complete this auestion by enterind vour answers in the tabs below.
Assessment Tool iFrame Prepare an income statement for last year using variable costing.](https://image.slidesharecdn.com/exercise6-2algovariablecostingincomestatementexplanationof-230322194541-d437867d/85/Exercise-6-2-Algo-Variable-Costing-Income-Statement-Explanation-of-pdf-1-320.jpg)
