Use the Following Information for Items

question 21

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 variable costing for 2020 is

• A)$33,000.
• B)$39,000.
• C)$41,000.
• D)$47,000.

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Definitions:

Nuclear Holocaust

A theoretical scenario involving widespread destruction and radioactive fallout resulting from nuclear war.

Appeal To Majority

A fallacious argument that claims a proposition to be true because the majority of people believe it to be true.

Fallacy

An error in reasoning that results in an invalid argument or a misconception.

Majority Opinion

The judicial opinion agreed to by more than half of the members of a court, setting forth the decision in a case and an explanation of the rationale behind the court's decision.