Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this
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Helmers Corporation manufactures a single product.
Variable costing net operating income last year was $86,000 and this year was $103,000.
Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing.
This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.
What was the absorption costing net operating income this year?
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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