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Net earnings determined using full absorption costing can be reconciled to net earnings determined using variable costing by computing the difference between * Inventories fixed costs in the beginning and ending inventories and any deferred over or under-applied fixed factory overhead.

Net earnings determined using full absorption costing can be reconciled to net earnings determined using variable costing by computing the difference between * Inventories fixed costs in the beginning and ending inventories and any deferred over or under-applied fixed factory overhead.

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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Net earnings determined using full absorption costing can be reconciled to net earnings determined using variable costing by computing the difference between * Inventories fixed costs in the beginning and ending inventories and any deferred over or under-applied fixed factory overhead. Inventories discretionary costs in the beginning and ending inventories. O Gross margin (absorption costing method) and contribution margin (variable costing method) Sales as recorded under the variable costing method and sales as recorded under the absorption costing method
Transcribed Image Text:Net earnings determined using full absorption costing can be reconciled to net earnings determined using variable costing by computing the difference between * Inventories fixed costs in the beginning and ending inventories and any deferred over or under-applied fixed factory overhead. Inventories discretionary costs in the beginning and ending inventories. O Gross margin (absorption costing method) and contribution margin (variable costing method) Sales as recorded under the variable costing method and sales as recorded under the absorption costing method
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