Keyser Corporation, Which Has Only One Product, Has Provided the Following

question 347

Multiple Choice

Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.What is the net operating income for the month under absorption costing?

• A) $7,000
• B) $4,600
• C) $11,600
• D) $24,200

---

Definitions:

Athletic Socks

Socks designed for sports and physical activity, offering support, cushioning, and moisture-wicking properties.

Basketball Game

A team sport in which two teams, most commonly of five players each, opposing one another on a rectangular court, compete with the primary objective of shooting a basketball through the defender's hoop.

Statistically Significant

A mathematical measure that indicates that the likelihood of a certain observation or result occurring by chance alone is low.

Sampling Variation

The variability in statistics (like mean or proportion) from sample to sample due to random selection.