Soffer Corporation manufactures a variety of products. Last year, variable costing net operating income was $72,000. The fixed manufacturing overhead costs released from inventory under absorption costing amounted to $24,000.
Required:
Determine the absorption costing net operating income last year. Show your work!

Question

Quizplus · Accepted Answer

The Answer of Soffer Corporation manufactures a variety of products. Last year, variable costing net operating income was $72,000. The fixed manufacturing overhead costs released from inventory under absorption costing amounted to $24,000.
Required:
Determine the absorption costing net operating income last year. Show your work!

Soffer Corporation Manufactures a Variety of Products