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
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