The Following Data Are Available for Ruggles Company for the Year

question 51

Essay

The following data are available for Ruggles Company for the year ended September 30,2016.

Required:
a.Determine operating income using the variable costing approach.
b.Determine operating income using the absorption costing approach.
c.Explain why the income was different each year using the two methods.Show computations.

---

Definitions:

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.

Alzheimer's Disease

A progressive neurological disorder that affects memory, thinking, and behavior, typically in older adults.

Vision And Hearing

Essential sensory processes where vision pertains to the ability to see and interpret light information through the eyes, and hearing involves the ability to perceive sound by detecting vibrations through the ear.

Peak Functioning

A state in which an individual performs to the best of their ability, experiencing optimal psychological functioning and achievement.