Vanstee corporation manufactures a variety of products, Ask an Expert

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Vanstee Corporation manufactures a variety of products. Variable costing net operating income last year was $75,000 and this year was $89,500. Last year, $44,500 in fixed manufacturing overhead costs was deferred in inventory under absorption costing. This year, $11,750 in fixed manufacturing overhead costs was released from inventory under absorption costing.

What was the absorption costing net operating income last year?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91394155

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