Essay
The following data are available for Ruggles Company for the year ended September 30, 2016.
Required:
a. Determine operating income using the variable costing approach.
b. Determine operating income using the absorption costing approach.
c. Explain why the income was different each year using the two methods. Show computations.
Correct Answer:
Verified
a.
24,000 × $50 = $1,200,000 sales
($525...View Answer
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Correct Answer:
Verified
24,000 × $50 = $1,200,000 sales
($525...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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