Helmers Corporation Manufactures a Single Product

question 121

Multiple Choice

Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.What was the absorption costing net operating income this year?

• A) $81,000
• B) $83,000
• C) $115,000
• D) $123,000

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Definitions:

DSM-I

The first edition of the Diagnostic and Statistical Manual of Mental Disorders, published by the American Psychiatric Association.

20th Century

A historical era spanning from the year 1901 to 2000, noted for significant developments in technology, politics, and culture.

Single-axis Approach

A diagnostic method focusing on one dimension or aspect of an issue or disease, often criticized for oversimplifying complex problems.

Medical Diagnosis

A medical diagnosis is the determination of a disease or condition from its signs and symptoms by a healthcare professional.