Use the Following Information for Questions

question 102

Multiple Choice

Use the following information for questions
Nielson Corp. sells its product for $6,600 per unit. Variable costs per unit are: manufacturing, $3,600, and selling and administrative, $75. Fixed costs are: $18,000 manufacturing overhead, and $24,000 selling and administrative. There was no beginning inventory at 1/1/15. Production was 20 units per year in 2018-2020. Sales were 20 units in 2018, 16 units in 2019, and 24 units in 2020.
-Income under absorption costing for 2020 is

• A) $19,800.
• B) $23,400.
• C) $24,600.
• D) $28,200.

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Definitions:

Workforce

The collective group of individuals engaged in or available for work, either in a specific area or in a particular industry or occupation.

Advantages

Benefits or favorable traits that give something or someone a superior position or condition compared to others.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Computer Software

Programs and operating information used by a computer, encompassing both applications and the operating system.