Time Again, LLC Produces and Sells a Mantel Clock for $100

question 80

Multiple Choice

Time Again, LLC produces and sells a mantel clock for $100 per unit. In 2017, 42,125 clocks were produced and 37,958 were sold. Other information for the year includes:

What is the inventoriable cost per unit using variable costing?

• A) $66.00
• B) $51.50
• C) $48.00
• D) $103.50

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Definitions:

Fifth Amendment

A provision in the Bill of Rights of the United States Constitution that protects individuals against self-incrimination, double jeopardy, and ensures the right to due process.

Testify Against

To provide evidence or information in a court of law that is adverse to another party, usually in a criminal trial.

Criminal Case

A legal proceeding in which a person accused of committing a crime is tried in a court, with the government acting as the plaintiff.

Fourteenth Amendment

A constitutional amendment granting citizenship, equal protection under the law, and due process to all persons born or naturalized in the United States.