Question
Last year, Erie Corporation's variable costing net operating income was $62,500. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $21,000. What
Last year, Erie Corporation's variable costing net operating income was $62,500. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $21,000. What was the absorption costing net operating income last year?
| A. | $83,500 | |
| B. | $62,500 | |
| C. | $21,000 | |
| D. | $41,500 |
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Working Conditions And Factory Auditing In The Chinese Toy Industry
Authors: Congressional-Executive Commission On China
1st Edition
1508726515, 978-1508726517
