ProTech Began Business at the Start of the Current Year

question 12

Multiple Choice

ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 37,000 units at $42 each. Costs incurred were:

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If there were no variances, the company's absorption-costing income would be:

• A) $155,000.
• B) $230,000.
• C) $240,500.
• D) $592,000.
• E) None of the answers is correct.

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Definitions:

Oxygen

A chemical element essential for respiration in many living organisms and required for energy production in cells.

Hydrogen Ions

Positively charged ions (H+) that are formed when hydrogen loses its electron and are involved in acid-base balance in the body.

ATP Production

The process by which cells generate adenosine triphosphate (ATP), the primary carrier of energy within cells.

Chemiosmosis

A process by which ATP is generated in the mitochondria through the movement of hydrogen ions across a membrane.