Kellman Corporation Kellman Corporation Produces a Single Product That Sells

question 144

Multiple Choice

Kellman Corporation Kellman Corporation produces a single product that sells for $7.00 per unit.Standard capacity is 100,000 units per year; 100,000 units were produced and 80,000 units were sold during the year.Manufacturing costs and selling and administrative expenses are presented below.
There were no variances from the standard variable costs.Any under- or overapplied overhead is written off directly at year-end as an adjustment to cost of goods sold.
Kellman Corporation had no inventory at the beginning of the year.
Refer to Kellman Corporation.What is the net income under absorption costing?

• A)$50,000
• B)$80,000
• C)$90,000
• D)$120,000

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Definitions:

Behavioral-focused

Emphasizes changing behaviors through various psychological strategies and interventions, focusing on observable actions.

Existential

Relating to or based on human existence, especially its inherent meaning, challenges, and the individual's freedom to make choices.

Cognition-focused

Pertaining to approaches or interventions that concentrate on improving mental processes such as thinking, memory, and problem-solving.

Classical Conditioning

A training technique in which a reaction, initially caused by a subsequent stimulus, becomes associated with an earlier stimulus following repeated pairings of the stimuli.