Salonia 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 last year.Show your work!
b.Determine the absorption costing net operating income this year.Show your work!
Definitions:
Profit Maximizes
Refers to achieving the highest possible profit, where the difference between revenue and costs is at its maximum.
Inefficiency
The lack of optimal use of resources, resulting in lost potential output or increased costs.
Monopoly Pricing
Pricing strategies employed by a monopoly, where a single firm controls the entire market for a good or service and can influence prices.
Deadweight Loss
Economic inefficiency resulting when the market equilibrium for a good or a service is not achieved.
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