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Business, 07.04.2020 22:25 SmokeyRN

Helmers Corporation manufactures a single product. Variable costing net operating income last year was $74,000 and this year was $88,700. Last year, $27,600 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $10,400 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year

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