Kizspy | Question: 18
(Choose 1 answer)
Schubert Corporation manufactures a variety of products. Variable costing net operating income last year was
USD59,000 and this year was USD70,000. Last year, USD31,000 in fixed manufacturing overhead costs were
released from inventory under absorption costing. This year, USD22,000 in fixed manufacturing overhead
costs were deferred in inventory under absorption costing. What was the absorption costing net operating
income last year?
A. USD90,000
B. USD59,000
C. USD28,000
D. USD68,000
E. None of these
