Helmers Corporation manufactures a single product. Variable costing netoperating income last year was $71,000 and this year was $85,100. Last year,$26,400 in fixed manufacturing overhead costs were released from inventoryunder absorption costing. This year, $9,900 in fixed manufacturing overhead costswere deferred in inventory under absorption costing.What was the absorption costing net operating income last year?Multiple ChoiceO$75,200$71,000$44,600$97,400

Net operating income refers to the income gained by a company after subtracting all the desired…

Helmers Corporation manufactures a single prod operating income last year was $71,000 and this year was $85,100. L 526,400 in fixed manufacturing overhead costs were released from nder absorption costing. This year, $9,900 in fixed manufacturing c were deferred in inventory under absorption costing. What was the absorption costing net operating income last year?

Helmers Corporation manufactures a single prod operating income last year was $71,000 and this year was $85,100. L 526,400 in fixed manufacturing overhead costs were released from nder absorption costing. This year, $9,900 in fixed manufacturing c were deferred in inventory under absorption costing. What was the absorption costing net operating income last year?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4BE

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