Use the following information to answer the following Questions
Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $220,000. The company sells its units for $45 each. Additional data follow.
-The income (loss) under absorption costing is:
Definitions:
Assimilate Information
The process of absorbing and integrating new information into one's existing knowledge base.
Activate Information
To put knowledge into use or action, typically in order to achieve a specific objective.
Decision Making
The cognitive process of selecting a course of action among multiple alternatives.
Intuitively
Refers to understanding or knowing something without conscious reasoning, based on gut feeling or instinct.
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