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Helmers Corporation manufactures a single product Variable costing net operating income last year was $74,000 and this year was S88700 Last yeat S2760 in fixed

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Helmers Corporation manufactures a single product Variable costing net operating income last year was $74,000 and this year was S88700 Last yeat S2760 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $10400 in fixed manufacturing overhead costs were deferred in inventory under absorption costing What was the absorption costing net operating income last year? Multiple Choice

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