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Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems variable costing for internal management reports and absorption costing for externa and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories

Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems variable costing for internal management reports and absorption costing for externa and the government. The company has provided the following data: Year 1 Year 2 Year 3 Inventories

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, 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 Inventories Beginning (units) Ending (units) 210 170 170 190 Year 3 190 230 Variable costing net operating income $290,000 $269,000 $250,000 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.)
Transcribed Image Text:[The following information applies to the questions displayed below.] Jorgansen Lighting, Incorporated, 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 Inventories Beginning (units) Ending (units) 210 170 170 190 Year 3 190 230 Variable costing net operating income $290,000 $269,000 $250,000 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Required: 1. Calculate each year's absorption costing net operating income. (Enter any losses or deductions as a negative value.)
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