Onini,Incproduces One Product with Two Production Levels: 20,000 Units and 80,000

question 9

Multiple Choice

Onini,Inc.produces one product with two production levels: 20,000 units and 80,000 units.At each production level,Onini's per-unit costs for Costs A,B,and C are: What type of cost is each?

• A)Cost A is fixed,Cost B is mixed,and Cost C is variable.
• B)Cost A is fixed,Cost B is variable,and Cost C is mixed.
• C)Cost A is variable,Cost B is mixed,and Cost C is fixed.
• D)Cost A is variable,Cost B is fixed,and Cost C is mixed.

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Definitions:

Imports Inventory

Imports inventory refers to goods and materials purchased from other countries for resale or use in production.

Year-End Adjustments

Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Ownership

The legal right to possess, use, and control a property or an asset.

Net Income

A company's total earnings or profit, calculated as revenue minus costs of goods sold, expenses, taxes, and other deductions.