Use the Following Information for Items

question 37

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 1/1/10.Production was 20 units per year in 2010 - 2012.Sales were 20 units in 2010, 16 units in 2011, and 24 units in 2012.
-Income under absorption costing for 2012 is

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

Analyze the relationship between trauma, stress, and the development of certain personality disorders.

Understand the biological and environmental factors associated with criminal behavior.

Identify the characteristics and criteria for diagnosing eating disorders such as bulimia nervosa and anorexia nervosa.

Describe the psychological and physical consequences of eating disorders.

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Definitions:

Budgeted Sales Price

Projected price at which a product is expected to be sold, used in financial planning and analysis.

Standard Costs

Pre-determined or estimated costs to perform an operation, produce a product, or offer a service, used as a basis for pricing and budgetary control.

Work In Process Inventory

Items that are partially completed in a manufacturing process but are not yet finished goods.

Standard Control Account

An account used to monitor variances between actual costs and standard (expected) costs within an accounting period.