Helmers Corporation manufactures a single product. Variable costing net operating income last year was $101,000 and this year was $121,000. Last year, $37,600 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $14,100 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.

What was the absorption costing net operating income last year?

a.$63,400

b.$138,600

c.$106,900

d.$101,000

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: