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:

Psychoanalytic Approach

A theory of psychology introduced by Sigmund Freud that emphasizes unconscious processes and childhood experiences as determinants of psychological development and issues.

Self-Report Surveys

A research method that involves participants giving their own responses to questions, typically through questionnaires or interviews, about their behavior, attitudes, feelings, etc.

Depression

A mental health disorder characterized by persistent feelings of sadness, loss of interest, and a lack of motivation.

Advantages and Disadvantages

The positive and negative aspects or outcomes associated with a particular choice, decision, or action.