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Schweinert 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
Schweinert 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 | $58,000 |
Variable costing net operating income, this year | $64,000 |
Fixed manufacturing overhead costs released from inventory under absorption costing, last year | $11,000 |
Fixed manufacturing overhead costs deferred in inventory under absorption costing, this year | $20,000 |
What was the absorption costing net operating income this year?
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