Chung Inc Sells 100000 Wrenches for $24 Per Unit

question 161

Multiple Choice

Chung Inc. sells 100000 wrenches for $24 per unit. Fixed costs are $700000 and net income is $500000. What should be reported as variable expenses in the CVP income statement?

• A) $1080000
• B) $1200000
• C) $1900000
• D) $1700000

---

Definitions:

Display Rules

Socio-cultural norms that govern the expression and management of emotions in various social situations.

Feeling Rules

Social norms that dictate appropriate emotions and the ways those emotions should be expressed based on situational contexts.

Differences Tradition

A set of practices and beliefs passed down through generations that highlight the variances and uniqueness among cultures.

Feminist Psychologists

Psychologists who apply feminist theory and principles to understand mental health, emphasizing the impact of gender inequality and advocating for social justice in the field.