Last Year,Holroyd Corporation's Variable Costing Net Operating Income Was $95,000

question 51

Essay

Last year,Holroyd Corporation's variable costing net operating income was $95,000.The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $29,000.
Required:
Determine the absorption costing net operating income last year.Show your work!

---

Definitions:

Governor Unloader Circuit

A mechanism in a compressor system that regulates air pressure by unloading or loading the compressor based on demand.

FMVSS 121

Federal Motor Vehicle Safety Standard 121, which establishes requirements for air brake systems in heavy-duty vehicles to ensure safe braking performance.

Maximum Stopping Distance

The longest distance a vehicle can take to come to a complete stop from its highest speed under ideal conditions.

Anti-Compounding Feature

is a safety mechanism in braking systems designed to prevent the simultaneous application of both the service brake and the parking brake, reducing the risk of brake damage or failure.