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The subsequent data are available for ruggles company for the year ended September 30,20x5.
sales:24000 units at &50 each
expected and actual production 30000
manufacturing costs incurred:
variable:&525000
fixed:&372000
nonmanufacturing costs incurred:
variable:$144,800
fixed:$77,400
beginning inventories:$77,400
Evaluate operating income using the variable -costing approach.
Evaluate operating income using the absorption-costing approach.
Describe why operating income is not the same under the two approaches.
Complete the pension work sheet for 2013. Indicate (credit) entries by parentheses. Calculated amounts should be supported - Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2013.
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