Refer to the data in

Exercise $6-1$ for Ida Company. The absorption costing income statement prepared by the company's accountant for last year appears as shown:

$\backslash$table$[[$Sales$,$$$191,25$

Spreadsheet format

Required: $1.$ Under abosorption costing how much fixed manufacturing overhead cost is included in the companys inventory at the end of the last year?

$2.$ Prepare an income statement for the last year using variable costing. Explain the difference in net operating income between the two costing methods