Ruggles Company has provided the following data for the year ended September 30,2013.

Required:
a.Determine operating profit using the variable-costing approach.
b.Determine operating profit using the absorption-costing approach.
c.Explain why operating profit is not the same under the two approaches.
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Question

Ruggles Company has provided the following data for the year ended September 30,2013.
  
Required:
a.Determine operating profit using the variable-costing approach.
b.Determine operating profit using the absorption-costing approach.
c.Explain why operating profit is not the same under the two approaches.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Quizplus · Accepted Answer

The Answer of Ruggles Company has provided the following data for the year ended September 30,2013.
  
Required:
a.Determine operating profit using the variable-costing approach.
b.Determine operating profit using the absorption-costing approach.
c.Explain why operating profit is not the same under the two approaches.
_____________________________________________________________________________________________
_____________________________________________________________________________________________

Ruggles Company Has Provided the Following Data for the Year