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What is the difference between operating incomes

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Reference no: EM132870594

Problem - Consumer Lumber shows the following balances in selected accounts:

Beginning fixed manufacturing overhead in inventory $47,500

Fixed manufacturing overhead in production 37,500

Ending fixed manufacturing overhead in inventory 12,500

Beginning variable manufacturing overhead in inventory 5,000

Variable manufacturing overhead in production 25,000

Ending variable manufacturing overhead in inventory 7,500

Required - What is the difference between operating incomes under absorption costing and variable costing?

Reference no: EM132870594

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