Question

Last year, Kirsten Corporation's variable costing net operating income was $63,400. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $10,700. What was the absorption costing net operating income last year

Answer 1

Answer:

$52,700

Explanation:

Kristen corporation has variable costing net operating income of $63,400 last year

The inventory under absorption costing is $10,700

Therefore the absorption costing net operating income can be calculated as follows

= $63,400-$10,700

= $52,700