Skyline Industries manufactures various electronics. Last year, the company's variable costing net operating income was $72,000. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $48,700. What was the absorption costing net operating income last year? a. $72,000 b. $120,700 c. $48.700 d. $23,300

Skyline Industries manufactures various electronics. Last year, the company's variable costing net operating income was $72,000. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $48,700. What was the absorption costing net operating income last year? a. $72,000 b. $120,700 c. $48.700 d. $23,300

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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