Last Year,Teneyck Corporation's Variable Costing Net Operating Income Was $63,500

question 8

Essay

Last year,Teneyck Corporation's variable costing net operating income was $63,500 and ending inventory decreased by 200 units.Fixed manufacturing overhead cost per unit was $5.
Required:
Determine the absorption costing net operating income for last year.Show your work!

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Definitions:

Control Group

In experimental research, a group of subjects that does not receive the treatment being tested, used as a benchmark to measure how the other tested subjects do.

Experimental Group

In research, the group of subjects that receives the treatment or intervention being tested, as opposed to the control group.

Confidence Level

A statistical measure that quantifies the uncertainty or certainty in a sampling method.

Margin of Error

A measure of the accuracy of a public opinion poll, reflecting the maximum expected difference between the poll's results and the actual opinion of the total population.