Eastwood Company Has the Following Information for 2011 There Were No Beginning Inventories

question 36

Multiple Choice

Eastwood Company has the following information for 2011: $\begin{array}{lr}\text { Selling price } & £ 150 \text { per unit } \\\text { Variable production costs } & £ 40 \text { per unit produced } \\\text { Variable selling and admin. expenses } & £ 16 \text { per unit sold } \\\text { Fixed production costs } & £ 200,000 \\\text { Fixed selling and admin. expenses } & £ 140,000 \\\text { Units produced } & 10,000 \text { units } \\\text { Units sold } & 8,000 \text { units }\end{array}$ There were no beginning inventories. What is the net income for Eastwood using the absorption costing method?

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

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Definitions:

Emotional Intelligence

A capacity for recognizing our own feelings and those of others, motivating ourselves, and managing emotions well in ourselves and in our relationships.

Disruptive Impulses

Behaviors or thoughts that interrupt traditional processes or established norms, potentially leading to innovation or change.

Empathize

means to understand and share the feelings of another person, crucial for building rapport and effective communication in personal and professional settings.

Unilateral

Pertaining to actions, decisions, or agreements made by one party without the consent, consultation, or agreement of others involved.