Norenberg Corporation manufactures a single product. The following data pertain to the company's operations over the last two years:

Variable costing net operating income, last year	$	88,600
Variable costing net operating income, this year	$	96,100
Beginning inventory, last year		0	units
Ending inventory, last year		3,600	units
Ending inventory, this year		1,300	units
Fixed manufacturing overhead cost per unit this year and last year	$	7	per unit

What was the absorption costing net operating income last year?

Multiple Choice

• $94,400

• $76,700

• $113,800

• $88,600

Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$	111
Units in beginning inventory		0
Units produced		7,500
Units sold		7,200
Units in ending inventory		300

Variable costs per unit:
Direct materials	$	24
Direct labor	$	34
Variable manufacturing overhead	$	1
Variable selling and administrative expense	$	5
Fixed costs:
Fixed manufacturing overhead	$	217,500
Fixed selling and administrative expense	$	115,200

What is the net operating income for the month under variable costing?

Multiple Choice

• $8,700

• $5,700

• $14,400

• $(12,000)