Flint Enterprises Had the Following Cost and Production Information for April

question 52

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 absorption costing?

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

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Definitions:

Evaluate Supply Sources

The process of assessing potential suppliers to determine their ability to deliver goods or services in a timely, cost-effective, and quality-focused manner.

Spend Analysis

The process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing costs, improving efficiency, and monitoring compliance.

Sourcing Strategy Process

The methodology and approach taken by an organization to identify, evaluate, and engage suppliers for acquiring goods and services.

High Risk

Pertains to the potential for significant loss or failure, often used in finance, investment, and project management to describe ventures with uncertain outcomes.