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

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Definitions:

Peripheral Nervous System

The portion of the nervous system that exists outside the brain and spinal cord, responsible for transmitting sensory information to the central nervous system and carrying motor commands to muscles and organs.

Pns

Abbreviation for Peripheral Nervous System, which includes nerves and ganglia outside of the brain and spinal cord.

Transient Ischemic Attack

Often called a mini-stroke, a transient episode of neurological dysfunction caused by the loss of blood flow to the brain, spinal cord, or retina, without acute infarction.

Abbreviation

A summarized form of a word or phrase.