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Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed
Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income this year? Multiple Choice $123,000 $83,000 $115,000 $81,000 Toxemia Sasa Corporation manufactures five flavors of salse last year, Toxemia generated net operating income of $40,000. The folowing information was taken from last year's income statement segmented by flavor (brackets indicate a negative amounty Contribution margin Segnent nargia Allocuted corner. Eixed expenses Segnent resgin less allocated common fixed expenses Wimpy $ 12,000 $116,000) $10,000 Mild $ 45,000 $ 15,000) $10,000 Medium $35,000 $7,000 $10,000 Bot $50,000 $10,000 $10.000 t omia $162,000 $ 94,000 $10,000 $125,000) $115,000) $13,000) $ 0 $ 34,000 Tuxerria expects similar operating results for the upcoming yeer. If Tuxeria wers to maximize its profitebility in the upcoming year, which lever or flevers should Toxemia discontinue? Mutiple Choice O Wimpy, Mic, and Medium o no Havors should be dscontinued o Wimpy and Mild O Wmpy J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $126,200. If total traceable fixed expenses are $72,400 and total common fixed expenses are $34,900, what is J Corporation's net operating income? Multiple Choice 598.200 $98,200 $168,000 $133,100 $170,600
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