Wyoming Company Provided the Following Information Regarding Its Only Product--Skateboards

question 24

Multiple Choice

Wyoming Company provided the following information regarding its only product--skateboards. $\begin{array}{lr}\text { Direct materials used } & \$ 270,000 \\\text { Direct labor } & 180,000 \\\text { Fixed overhead } & 130,000 \\\text { Fixed selling and administrative costs } & 150,000 \\\text { Variable overhead } & 120,000 \\\text { Variable selling and administrative } & 60,000 \\\text { Selling unit price } & 99\\\text { Units produced and sold }&30,000\end{array}$ _____ is the difference in total product cost between the absorption approach and the contribution approach.

• A)$130,000
• B)$150,000
• C)$120,000
• D)None of these answers is correct

---

Definitions:

Presidential Reconstruction

The period immediately following the Civil War, wherein Presidents Abraham Lincoln and Andrew Johnson attempted to reintegrate the Southern states back into the Union with minimal changes to their social systems.

Enfranchisement

The act of giving someone the right to vote in political elections.

Johnson Supporters

Individuals who supported the policies or presidency of Andrew Johnson, the 17th President of the United States, particularly his approach to Reconstruction after the Civil War.

Fourteenth Amendment

An amendment to the U.S. Constitution, adopted in 1868, that grants citizenship to all persons born or naturalized in the United States and guarantees equal protection under the laws.