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Question - Helmers Corporation manufactures a single product. Variable costing net operating income last year was $71,000 and this year was $85,100. Last year, $26,400 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $9,900 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year?
1.Katie Murphy is preparing for a meeting with her banker. Her business is finishing its fourth year of operations.
Prepare the cost of goods manufactured schedule for the month of April.
Explain how the values were determined. Calculate the Year 2 break-even quantity, break-even sales. Calculate the Year 1 break-even quantity,contribution margin
Be clear about these assumptions and data for your professor to follow along.
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