Simila Corporation has provided the following data for its most recent year of operation: Which of the following statements is true?
A) The amount of fixed manufacturing overhead released from inventories is $459,000
B) The amount of fixed manufacturing overhead deferred in inventories is $56,000
C) The amount of fixed manufacturing overhead released from inventories is $56,000
D) The amount of fixed manufacturing overhead deferred in inventories is $459,000

Question

Simila Corporation has provided the following data for its most recent year of operation:   Which of the following statements is true?
A) The amount of fixed manufacturing overhead released from inventories is $459,000 
B) The amount of fixed manufacturing overhead deferred in inventories is $56,000 
C) The amount of fixed manufacturing overhead released from inventories is $56,000 
D) The amount of fixed manufacturing overhead deferred in inventories is $459,000

Quizplus · Accepted Answer

Absorption costing unit product costs:
 11eacbfc_c6b0_9636_8ffe_1de6299f1627_TB7552_00 11eacbfc_c6b0_9637_8ffe_6dc64abd037d_TB7552_00

Simila Corporation Has Provided the Following Data for Its Most