Flint Enterprises Had the Following Cost and Production Information for April

question 92

Multiple Choice

Flint Enterprises had the following cost and production information for April: Inventory increased by 3,000 units during April.What is Flint Enterprise's income under variable costing?

• A)$1,400,000
• B)$1,460,000
• C)$1,745,000
• D)$1,785,000

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Definitions:

Taxes

Taxes are compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Fiscal Policy

Government adjustments in spending levels and tax rates to monitor and influence a nation's economy.

Interest Rates

The percentage charged by lenders for borrowing money or paid by banks to depositors, influencing economic activity.

Fiscal Policy

Government policies relating to taxation and spending to influence the economy.