KERCISE 6-2 Variable Costing Income Statement: Explanation of Difference in Net Operating Income [L06-2) Refer to statement the data in Exercise 6-I for Ida Sidha Karya Company. The absorption costing income prepared by the company's accountant for last year appears below: Sales . Cost of goods sold. . Gross margin Selling and administrative expense Net operating income $191,250 157.500 . . 33,750 24,500 Required: 1 Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. 2. Pre ope pare an income statement for the year using variable costing. Explain the diff rating income between the two costing methods. KERCISE 6-2 Variable Costing Income Statement: Explanation of Difference in Net Operating Income [L06-2) Refer to statement the data in Exercise 6-I for Ida Sidha Karya Company. The absorption costing income prepared by the company's accountant for last year appears below: Sales . Cost of goods sold. . Gross margin Selling and administrative expense Net operating income $191,250 157.500 . . 33,750 24,500 Required: 1 Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. 2. Pre ope pare an income statement for the year using variable costing. Explain the diff rating income between the two costing methods