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:
 11ea7761_1813_e022_81a5_7d963e986302_TB2580_00 11ea7761_1813_e023_81a5_b346d2ab89ae_TB2580_00

Simila Corporation Has Provided the Following Data for Its Most