Solution-What was absorption costing net operating income

What was absorption costing net operating income last year

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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?

Reference no: EM132927919

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What was absorption costing net operating income last year

Reference no: EM132927919

Reference no: EM132927919

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