Condit Corporation Manufactures a Variety of Products

question 99

Multiple Choice

Condit Corporation manufactures a variety of products. Variable costing net operating income was $75,600 last year and was $80,100 this year. Last year, inventory decreased by 3,400 units. This year, inventory increased by 3,000 units. Fixed manufacturing overhead cost is $5 per unit.
-What was the absorption costing net operating income this year?

• A)$78,100
• B)$95,100
• C)$65,100
• D)$73,600

---

Definitions:

Share Characteristic

Having a trait, quality, or attribute in common with others or between multiple entities.

Key Element

A fundamental component or aspect that is essential for the functioning or success of something.

Interpersonal Connections

The emotional, psychological, and physical links that form between people through direct or indirect interactions.

Community Groups

Organizations or collectives formed at the local level with the purpose of addressing community needs and interests.