Helmers Corporation Manufactures a Single Product

Multiple Choice

Helmers Corporation manufactures a single product. Variable costing net operating income last year was $95,000 and this year was $113,800. Last year, $35,400 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $13,300 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.What was the absorption costing net operating income last year?

A) $100,500
B) $95,000
C) $59,600
D) $130,400