Corbett Corporation manufactures a single product.Last year,variable costing net operating income was $72,000.The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $29,000.
Required:
Determine the absorption costing net operating income last year.Show your work!

Question

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The Answer of Corbett Corporation manufactures a single product.Last year,variable costing net operating income was $72,000.The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $29,000.
Required:
Determine the absorption costing net operating income last year.Show your work!

Corbett Corporation Manufactures a Single Product