Reference no: EM132855702
Question - Norenberg Corporation manufactures a single product. The following data pertain to the company's operations over the last two years:
Variable costing net operating income, last year $88,600
Variable costing net operating income, this year $96,100
Beginning inventory, last year 0 units
Ending inventory, last year 3,600 units
Ending inventory, this year 1,300 units
Fixed manufacturing overhead cost per unit this year and last year $7 per unit
Required - What was the absorption costing net operating income this year?