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

question 54

Multiple Choice

Last year, Wardrup Corporation's variable costing net operating income was $67,200. Fixed manufacturing overhead costs released from inventory under absorption costing amounted to $600. What was the absorption costing net operating income last year?

• A) $67,800
• B) $66,600
• C) $67,200
• D) $600

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Definitions:

Social Psychologist

A professional who studies how social influences affect individual behavior and mental processes.

Communication

The process of transferring information, thoughts, and feelings through verbal or non-verbal means.

Morale

The confidence, enthusiasm, and discipline of a person or group at a particular time.

Industrial/Organizational Psychologist

A professional who applies psychological theories, principles, and research methods to understand workplace behavior, enhance employee well-being, and improve organizational performance.