Danahy Corporation manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, last year$52,000Variable costing net operating income, this year$68,000Fixed manufacturing overhead costs released from inventory under absorption costing, last year$4,000Fixed manufacturing overhead costs deferred in inventory under absorption costing, this year$6,000What was the absorption costing net operating income this year?
A. $62,000
B. $70,000
C. $66,000
D. $74,000
Answer: D
You might also like to view...
Which of the following statements is true with regard to JIT in global supply chains?
a. Shipping numerous small quantities of products is less cost-effective over long distances. b. Communication is not as important as it is replaced by Kanban. c. JIT can increase the number of suppliers. d. JIT can decrease the quality of goods supplied.
According to the research on sensemaking and managing the unexpected, high reliability organizations
a. act mindfully b. have a preoccupation with failure c. have a reluctance to simplify d. all of the above
People frequently blend sounds together, or ____________________ when they speak.
Fill in the blank(s) with the appropriate word(s).
One of the key advantages of the corporate form is the unlimited liability of its owners
a. True b. False Indicate whether the statement is true or false