Managerial Accounting

Problem 8-24, Managerial Accounting: Creating Value in a Dynamic Business Environment. 9th ed. Was Outback’s 20×1 income higher under absorption costing or variable costing? Why? 1. Compute ending finished-goods inventory under absorption costing. 2. Compute ending finished-goods inventory under variable costing. 4. What would be different if the company had introduced JIT?