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

question 172

Multiple Choice

Last year, Rassel Corporation's variable costing net operating income was $63,200. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $31,900. What was the absorption costing net operating income last year?

• A)$31,300
• B)$95,100
• C)$63,200
• D)$31,900

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Definitions:

Outcomes

Refers to the results or consequences that arise from a specific set of actions or conditions.

Upward Delegation

Means passing problems or responsibilities upward in the hierarchy.

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks or functions.

Hierarchy

An arrangement or institution where individuals or entities are classified above or below each other based on their status or power.