Ramon Company Reported the Following Units of Production and Sales

question 93

Multiple Choice

Ramon Company reported the following units of production and sales for June and July:
Income under absorption costing for June was $40,000; income under variable costing for July was $50,000. Fixed costs were $600,000 for each month.
-Refer to Figure 8-7. How much was income for July using absorption costing?

• A) $50,000
• B) $20,000
• C) $80,000
• D) $40,000

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Definitions:

Agoraphobia

An anxiety disorder characterized by an intense fear of being in places or situations where escape may be difficult or help might not be available.

Overwhelmed By Anxiety

A state of feeling excessively worried, nervous, or uneasy to a degree that it may interfere with daily activities.

Obsessive-Compulsive Disorder

A mental health disorder characterized by unreasonable thoughts and fears (obsessions) that lead to compulsive behaviors.

Preoccupied

Being absorbed in thought or excessively concerned with something, often at the expense of awareness of one's surrounding environment.