Answer:
1.
$5,200 a fixed manufacturing overhead cost is included in the company's inventory at the end of last year.
2.
Income Statement is Prepared in an MS Excel File Attached With this answer Please find it.
Step-by-step explanation:
1.
Fixed Manufacturing Overhead = Total Fixed manufacturing Overhead x Units in ending inventory / Units produced
Fixed Manufacturing Overhead = 65,000 x 20 / 250 = $5,200
2.
File Attached.
There is a Difference of $5,200 in net operating income between the two costing methods. The amount of fixed asset assigned to closing inventory.
Answer:
172% of 50 means 172÷100 multiplied by 50 will give you 86
2/9 - 7/12
First, multiply to find a common denominator. Multiply both pieces of the left fraction by 12, and both pieces of the right fraction by 9.
24/108 - 63/108 = -39/108 = -13/36
a= -13
b= 36
