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What was the absorption costing net operating income

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Reference no: EM133145108

Question - Helmers Corporation manufactures a single product. Variable costing net operating income last year was $78,000 and this year was $93,500. Last year, $29,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $10,900 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year?

Reference no: EM133145108

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