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

The provided data is not sufficient to determine the amount of fixed manufacturing overhead released from inventories. However, the amount of fixed manufacturing overhead deferred in inventories is given as $56,000.

Simila Corporation Has Provided the Following Data for Its Most