Octagonal Company Has the Following Information for 2018 There Were No Beginning Inventories

question 132

Multiple Choice

Octagonal Company has the following information for 2018: $\begin{array}{lr}\text { Selling price } & \$ 150 \text { per unit } \\\text { Variable production costs } & \$ 40 \text { per unit produced } \\\text { Variable selling and admin. expenses } & \$ 16 \text { per unit sold } \\\text { Fixed production costs } & \$ 200,000 \\\text { Fixed selling and admin. expenses } & \$ 140,000 \\\text { Units produced } & 10,000 \text { units } \\\text { Units sold } & 8,000 \text { units }\end{array}$ There were no beginning inventories.
What is the net income for Octagonal using the absorption costing method?

• A)$600,000
• B)$480,000
• C)$1,200,000
• D)$452,000

Learn how to orient messages for the audience by understanding their perspective and anticipating their reactions.

Grasp the significance of meaning in the communication process and the role of feedback in ensuring message comprehension.

Know the stages of the writing process and the importance of spending sufficient time on each phase.

Comprehend the concepts of encoding and decoding in the communication process.

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Definitions:

Facial-Feedback Hypothesis

The idea that sensory feedback from our facial expressions can affect our mood and emotions, suggesting that smiling can make us feel happier.

Positive Feelings

encompass emotions and sentiments that are uplifting, joyous, or gratifying, contributing to an overall sense of well-being.

Facial Expressions

Visual cues expressed by the muscles in the face conveying emotions, social information, or reactions to stimuli.

Paul Ekman

A psychologist who is best known for his work on the facial expressions of emotion and their relation to our feelings.