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!

Question

Quizplus · Accepted Answer

The Answer of 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!

Last Year, Jaquet Corporation's Variable Costing Net Operating Income Was