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Blizzard Manufacturing has no remaining balances in Work in Process (WIP) or Finished Goods (FGI) at the fiscal year end. Other balances are as follows
Blizzard Manufacturing has no remaining balances in Work in Process (WIP) or Finished Goods (FGI) at the fiscal year end. Other balances are as follows on 12/31/2020:
Sales | $3,560,016 |
Cost of Goods Sold | $1,648,400 |
Selling, General, & Administrative | $975,723 |
If the total applied manufacturing overhead during the year was $716,489 and actual manufacturing overhead was $663,080, what was Blizzard's net operating income (NOI) for the year?
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