Waterloo Skyline Experienced the Following Costs in 2017 There Was No Beginning Inventory

question 82

Multiple Choice

Waterloo Skyline experienced the following costs in 2017: $\begin{array}{ll}\text { Direct materials } & \$ 3.15 \text { per unit } \\\text { Direct labor } & \$ 2.80 \text { per unit } \\\text { Variable manufacturing overhead } & \$ 1.45 \text { per unit }\\\text { Fixed manufacturing overhead }&\$ 12.60 \text { per unit }\end{array}$ There was no beginning inventory.During the year, the company sold 190,000 units.If net income using full and variable costing was $939,020 and $905,000, respectively, how many units did the company produce in 2017?

• A)192,700
• B)2,700
• C)187,300
• D)46,951

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Definitions:

Midlife Divorce Rate

The statistical measure of divorces that occur among individuals in their middle ages, often reflecting trends in marital satisfaction and societal changes.

Postconventional Morality

Kohlberg’s third level of moral reasoning in which people use moral principles that are seen as broader than those of any particular society.

Preconventional Morality

Kohlberg’s first level of moral reasoning in which the concrete interests of the individual are considered in terms of rewards and punishments.