A Company Has the Following Information for Its First Month

question 141

Multiple Choice

A company has the following information for its first month of operations: $$\begin{array} { l r } \text { Raw materials used } & \$ 25,000 \\\text { Sales } \$ 65 \text { per unit) } & \$ 78,000 \\\text { Direct labor } & \$ 42,000 \\\text { Variable factory overhead } & \$ 17,000 \\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable selling and administrative } & \$ 3,000 \\\text { Fixed selling and administrative } & \$ 5,000 \\\text { Gross profit } & \$ 30,000 \\\text { Contribution margin } & \text { unknown }\end{array}$$ The company sold half of the units it produced._____ of factory overhead is included in the ending inventory under absorption costing.

• A)$12,000
• B)$6,000
• C)$8,400
• D)$-0-

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Definitions:

Quadriceps Femoris Group

A muscle group located in the front of the thigh, consisting of four muscles which are primarily responsible for knee extension and thigh flexion.

Hamstring Group

A group of three muscles at the back of the thigh that are involved in bending the knee and extending the hip.

Muscle Origin

The fixed attachment point of a muscle to bone, acting as the anchor from which the muscle operates to produce movement.

Pelvic Girdle

Portion of the vertebrate skeleton to which the lower (hind) limbs are attached; consists of the coxal bones.