Last year, Rasband Corporation's variable costing net operating income was $57,000. The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $30,000.Required:Determine the absorption costing net operating income last year.
What will be an ideal response?
| Variable costing net operating income | $ | 57,000 | |
| Add fixed manufacturing overhead costs deferred in inventory under absorption costing | 30,000 | ||
| Absorption costing net operating income | $ | 87,000 | |
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