Truo Corporation produces a single product. Last year, the company had net operating income of $100,000 using variable costing. Beginning and ending inventories were 13,000 units and 18,000 units, respectively. If the fixed manufacturing overhead cost was $4 per unit both last year and this year, what would have been the net operating income using absorption costing?
A. $100,000
B. $120,000
C. $172,000
D. $80,000
Answer: B
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A. 3.92% B. 4.12% C. 4.34% D. 4.57% E. 4.81%
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Punctuate the sentence correctly. Turn left at the next stoplight
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A. egalitarian B. benevolent C. equity D. entitleds