What was the absorption costing net operating income last year?

A) $50,000
B) $48,000
C) $52,000
D) $56,000

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads in the cost of a product.

Last Year

Refers to the 12-month period directly preceding the current date, used in comparative financial analysis.