Carvey Corporation manufactures a variety of products.The following data pertain to the company's operations over the last two years: 
Required:
a.Determine the absorption costing net operating income for last year.Show your work!
b.Determine the absorption costing net operating income for this year.Show your work!
Definitions:
Beneficiary
A person or entity entitled to receive benefits or funds under a will, insurance policy, retirement plan, or other contract.
Form W-4
A tax form completed by an employee to indicate his or her tax situation, such as exemptions and status, to the employer.
Dependents
Individuals, typically family members, who rely on another person, usually the primary earner, for financial support and are often covered by that person's health insurance policies.
Tax Purposes
Refer to the reasons or activities for which financial and transactional information is used to comply with taxation laws and regulations.
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