Last Year, Jaquet Corporation's Variable Costing Net Operating Income Was

question 97

Essay

Last year, Jaquet Corporation's variable costing net operating income was $58,000. The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $9,000.
Required:
Determine the absorption costing net operating income last year. Show your work!

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Definitions:

Restricted Authority

The limitation of power or decision-making abilities within an organizational role, often to ensure control or distribute responsibilities.

Written Documentation

The detailed recording of information, processes, or policies in written form for future reference or regulatory compliance.

Discretion

The quality of behaving or speaking in such a way as to avoid causing offense or revealing confidential information.

Decentralization

the process of distributing or dispersing functions, powers, people or things away from a central location or authority.