The Southern Corporation Manufactures a Single Product and Has the Following

question 164

Multiple Choice

The Southern Corporation manufactures a single product and has the following cost structure: Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

• A) the same as absorption costing.
• B) $6,800 greater than under absorption costing.
• C) $6,800 less than under absorption costing.
• D) $4,000 less than under absorption costing.

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Definitions:

Agreeableness

Agreeableness is a personality trait that involves being warm, kind, cooperative, and sympathetic towards others.

Neuroticism

A personality trait involving a long-term tendency to be in a negative or anxious emotional state, part of the Big Five personality traits.

Emotional Stability

A personality trait characterized by the ability to remain calm and composed under stress, showing resilience in the face of adversity.

Neuroticism

A feature of an individual's character marked by frequent changes in emotions, feelings of unease, irritability, concern, and a general state of sorrow.