Question
Last year, Jaquet Corporation's variable costing net operating income was $58,000. The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $9,000.
Last year, Jaquet Corporation's variable costing net operating income was $58,000. The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $9,000.
Required:
Determine the absorption costing net operating income last year. Show your work!
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The Security Risk Handbook Assess Survey Audit
Authors: Charles Swanson
1st Edition
1032030356, 978-1032030357
