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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 Variable costing net operating income, this year Beginning inventory, last year Ending inventory, last year $ 88,600 $ 96,100 O units 3,600 units Ending inventory, this year Fixed manufacturing overhead cost per unit this year and last year 1,300 units $ 7 per unit What was the absorption costing net operating income this year? Multiple Choice $100,500 $112,200 $80,000 $108,000

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 Variable costing net operating income, this year Beginning inventory, last year Ending inventory, last year $ 88,600 $ 96,100 O units 3,600 units Ending inventory, this year Fixed manufacturing overhead cost per unit this year and last year 1,300 units $ 7 per unit What was the absorption costing net operating income this year? Multiple Choice $100,500 $112,200 $80,000 $108,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 $ 96,100 Variable costing net operating income, this year Beginning inventory, last year Ending inventory, last year Ending inventory, this year Fixed manufacturing overhead cost per unit this year and last year O units 3,600 units 1,300 units $ 7 per unit What was the absorption costing net operating income this year? Multiple Choice $100,500 $112,200 $80,000 $108,000
Transcribed Image Text: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 $ 96,100 Variable costing net operating income, this year Beginning inventory, last year Ending inventory, last year Ending inventory, this year Fixed manufacturing overhead cost per unit this year and last year O units 3,600 units 1,300 units $ 7 per unit What was the absorption costing net operating income this year? Multiple Choice $100,500 $112,200 $80,000 $108,000
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