Last Year, Rasband Corporation's Variable Costing Net Operating Income Was

question 345

Essay

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.

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Definitions:

Renal Cortex

The outer part of the kidney, involved in the filtration of blood, removal of waste substances, and production of urine.

Ductus Deferens

A muscular tube that carries sperm from the epididymis to the ejaculatory ducts in the male reproductive system.

Urogenital Sinus

In certain animals, a common chamber formed by the fusion of the urethral and vaginal passages, serving both urinary and genital purposes.

Uterine Body

The main, central portion of the uterus where a fetus would develop during pregnancy.