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 1/1/14.Production was 20 units per year in 2014-2016.Sales were 20 units in 2014, 16 units in 2015, and 24 units in 2016.
-Income under absorption costing for 2015 is

• A)$ 8,000.
• B)$14,000.
• C)$16,000.
• D)$22,000.

Understand how mental imagery and mental rotation contribute to cognitive processes.

Comprehend the stages of language development and their characteristics.

Appreciate the cognitive benefits of bilingualism, including cognitive flexibility and academic performance.

Understand the natural progression of business operations.

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Definitions:

Average Variable Cost

Represents the cost that varies with the level of output, calculated by dividing the variable costs by the quantity produced.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit changes as production volume increases.

Maximum Capacity

The highest level of output or activity that a facility, system, or machine can achieve under normal conditions.

Capital

Economic resources that are used in the production of goods and services, including buildings, machinery, equipment, and financial assets.