Based on a Predicted Level of Production and Sales of 22,000

question 86

Multiple Choice

Based on a predicted level of production and sales of 22,000 units,a company anticipates total variable costs of $99,000,fixed costs of $30,000,and operating income of $36,000.Based on this information,the budgeted amount of sales for 20,000 units would be:

• A)$165,000.
• B)$150,000.
• C)$117,272.
• D)$181,500.
• E)$141,900.

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Definitions:

Substantial Property

Significant assets or real estate owned by an individual or entity.

Colonizing Mission

Efforts or expeditions undertaken by a country to establish control over new territories, often involving settlement and economic exploitation.

Lucas Vasquez de Allyón

A Spanish explorer who, in the early 16th century, attempted to establish a colony in what is now the southeastern United States, notable for his efforts to create a settlement in present-day South Carolina.

Legal System

The comprehensive system of rules and principles, enforced by institutions, which governs a society.