Croft Corporation Produces a Single Product

question 280

Multiple Choice

Croft Corporation produces a single product. Last year, the company had a net operating income of $93,800 using absorption costing and $81,600 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 28,000 units were produced last year, then sales last year were:

• A) 15,800 units
• B) 26,780 units
• C) 29,220 units
• D) 40,200 units

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Describes individuals of French descent who are citizens of Canada, primarily residing in the province of Quebec.

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