Use the Following Information for the Next 4 Questions

question 10

Multiple Choice

Use the following information for the next 4 questions.
During its first year of operations, Kima Corp. experienced the following:
-The amount of variable costs deducted from revenues under the variable costing approach would be

• A) $847,000
• B) $831,000
• C) $726,000
• D) $742,000

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Definitions:

Hazard

The existence of a potentially dangerous situation or event.

Risk

An assessment of whether a hazard might have some societal impact.

Kilauea Volcano

An active shield volcano in the Hawaiian Islands, well known for its frequent and relatively mild basaltic lava flows.

Scoria Cone

A type of volcano characterized by its cone-shaped peak, formed from volcanic cinders that fall around a central vent.