Use the Following Information for Questions

question 98

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 variable costing for 2020 is

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

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Definitions:

Pollution

The contamination of the environment, particularly air, water, and soil, with harmful or toxic substances.

Cleanup Order

A directive issued by a court or regulatory authority requiring the remediation of environmental contamination.

Federal Water Pollution Control Act

Also known as the Clean Water Act, this law, established in 1948 and significantly expanded in 1972, aims to regulate the discharge of pollutants into the waterways of the United States.

Navigable Waterways

Water bodies that are deep and wide enough for ships and boats to travel on, often regulated by government authorities.