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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 last year?
Vitro Fertilization
A medical procedure in which an egg is fertilized by sperm outside the body, commonly referred to as IVF, and then the embryo is implanted in the uterus.
Time-Consuming
Activities or processes that require a significant amount of time to complete, often implying a trade-off with productivity.
Embryo
The early stage of development in multicellular organisms, in humans, it refers to the stage after fertilization and before becoming a fetus.
Selective Reduction
A medical procedure used in multiple pregnancies to reduce the number of fetuses to a number safer for both the mother and the remaining fetuses.
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