Fast Track Auto Produces and Sells an Auto Part for $60

question 54

Multiple Choice

Fast Track Auto produces and sells an auto part for $60 per unit. In 2017, 120,000 parts were produced and 75,000 units were sold. Other information for the year includes:

What is the inventoriable cost per unit using variable costing?

• A) $20
• B) $25
• C) $28
• D) $35

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Definitions:

Summarization

The act of briefly stating the main points of something, often used in therapy to clarify and reflect on the content of a session.

Cultural Groups

Denotes groups of people sharing common cultural characteristics, traditions, language, or heritage.

Nonverbal

Pertaining to communication or interactions that do not involve words but rely on body language, facial expressions, gestures, and other visual cues.

Verbal Behavior

Actions involving the use of words and language for communication.