(Appendix 5A) Sipho Corporation manufactures a variety of products. Last year, t

Question

1. (Appendix 5A) Sipho Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was $90,900. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $21,900. What was the absorption costing net operating income last year? Answer a. $112,800 b. $90,900 c. $21,900 d. $69,000

(Appendix 5A) Sipho Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was $90,900. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $21,900. What was the absorption costing net operating income last year? Answer a. $112,800 b. $90,900 c. $21,900 d. $69,000 (Appendix 5A) Sipho Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was $90,900. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $21,900. What was the absorption costing net operating income last year? $112,800 $90,900 $21,900 $69,000 a. $112,800 b. $90,900 c. $21,900 d. $69,000

Explanation / Answer

$21,900

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