Hi there, so I have the confirmed solutions in red for this advanced accounting problem however I'm confused with just problems F) and G) , I'd like a walk through for the last two parts really if you can help, thank you so much its just been so confusing

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(d) For 2020, Valu's absorption cost operating income was (circle the correct answer below) A) The same as its variable cost operating income. B) Greater than its variable cost operating income because the actual number of units produced exceeded the actual number sold. C) Less than its variable cost operating income because the actual number of units produced exceeded the actual number sold. D) Greater than its variable cost operating income because the actual number of units produced is lower than the actual number sold. E) Less than its variable cost operating income because the actual number of units produced is lower than the actual number sold (e) What was the difference between Valu's operating income for 2020 calculated using absorption costing and that calculated using variable costing? [Use a negative sign ("-") to indicate that the absorption cost operating income was less than the variable cost operating income.] Difference between Valu's operating income for 2020 $ Fixed OH Costs Expensed Variable costing 715,000 Absorption costing: Applied 125,000 x 5 625,000 Variance 65,000 690,000 Difference ...... 25,000 (f) Using absorption costing, what was the amount of over- (O) or underapplied (U) overhead for 2020? Amount of over- or underapplied overhead for $ See (b) 65,000 OU (d) For 2020, Valu's absorption cost operating income was (circle the correct answer below) A) The same as its variable cost operating income. B) Greater than its variable cost operating income because the actual number of units produced exceeded the actual number sold. C) Less than its variable cost operating income because the actual number of units produced exceeded the actual number sold. D) Greater than its variable cost operating income because the actual number of units produced is lower than the actual number sold. E) Less than its variable cost operating income because the actual number of units produced is lower than the actual number sold (e) What was the difference between Valu's operating income for 2020 calculated using absorption costing and that calculated using variable costing? [Use a negative sign ("-") to indicate that the absorption cost operating income was less than the variable cost operating income.] Difference between Valu's operating income for 2020 $ Fixed OH Costs Expensed Variable costing 715,000 Absorption costing: Applied 125,000 x 5 625,000 Variance 65,000 690,000 Difference ...... 25,000 (f) Using absorption costing, what was the amount of over- (O) or underapplied (U) overhead for 2020? Amount of over- or underapplied overhead for $ See (b) 65,000 OU

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Lets go through questions F and G stepbystep F Using absorption costing what was the amount of over ... View the full answer