Use the Following Information for Items

question 31

Multiple Choice

Use the following information for items
Green Company sells its product for $11,000 per unit.Variable costs per unit are: manufacturing, $6,000; and selling and administrative, $125.Fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative.There was no beginning inventory at 1/1/18.Production was 20 units per year in 2018-2020.Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020.
-Income under absorption costing for 2019 is

• A)$ 8,000.
• B)$14,000.
• C)$16,000.
• D)$22,000.

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Definitions:

Null Hypothesis

A default hypothesis that there is no effect or no difference, and it is tested against an alternative hypothesis.

Book Sales

The total number of copies of a book sold, used as a metric for a book's success and popularity.

Cover Pictures

Images or graphics used on the front page of documents, websites, or social media profiles to represent content or convey specific messages.

Chi-square Statistic

A statistical measure used to determine the difference between observed and expected frequencies in categorical datasets.