Use the Following Information for Items

question 6

Multiple Choice

Use the following information for items
Obama Company sells its product for $25 per unit.During 2020, it produced 20,000 units and sold 15,000 units (there was no beginning inventory) .Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3.Fixed costs are: $300,000 manufacturing overhead, and $50,000 selling and administrative expenses.
-Ending inventory under variable costing is

• A)$60,000.
• B)$240,000.
• C)$360,000.
• D)$410,000.

Recognize the roles, power, and influence dynamics within groups.

Identify and apply appropriate leadership behaviors and strategies based on group maturity and task requirements.

Appreciate the ethical considerations and competencies required for effective group leadership.

Understand the importance of pre-group planning and the establishment of group goals for successful outcomes.

---

Definitions:

Interest Accrued

The amount of interest that has been earned or incurred but has not yet been paid or received.

Note Paid

Represents the full repayment or settlement of the amount owed as denoted in a promissory note.

Interest Accrued

Interest that has been earned but not yet received or recorded.

Calculate Interest

Determining the cost of borrowing money or the profit from lending money, based on the principal sum, rate, and time.