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.

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Definitions:

Adolescent Egocentrism

A characteristic of adolescent thinking that leads to self-consciousness, as teens believe that their actions and appearance are constantly being scrutinized by others.

Self-consciousness

An acute sense of self-awareness that is marked by self-reflection and the awareness of how one is perceived by others.

Hypothetical-deductive Reasoning

A type of logical thinking that involves forming hypotheses and systematically testing them to deduce conclusions.

Scientific Inquiry

A systematic process of investigation and experimentation used to explore observations and answer questions about the natural world.