Axelia Corporation Has Two Divisions, Refining and Extraction

question 124

Multiple Choice

Axelia Corporation has two divisions, Refining and Extraction. The company's primary product is Luboil Oil. Each division's costs are provided below:

The Refining Division has been operating at a capacity of 40,900 barrels a day and usually purchases 25,600 barrels of oil from the Extraction Division and 15,400 barrels from other suppliers at $64 per barrel.
Assume 260 barrels are transferred from the Extraction Division to the Refining Division for a transfer price of $26 per barrel. The Refining Division sells the 260 barrels at a price of $220 each to customers. What is the operating income of both divisions together?

• A) $13,520
• B) $34,060
• C) $16,380
• D) $50,440

Knowledge of the requirements for obtaining a PhD in psychology, including common elements like the dissertation.

Distinguish between major psychological perspectives and their central concerns, including structuralism and Gestalt psychology.

Recognize the historical challenges faced by women in psychology and the contributions of significant female psychologists.

Understand the challenges and criticisms within multicultural psychology and its focus on cultural influences on behavior.

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Definitions:

Enter Credit Card Charges

The process of recording the expenses incurred on a business credit card into the company's accounting system.

Business Transaction

Any activity that involves the exchange of goods, services, or funds between two or more parties.

QuickBooks Company

A specific business entity set up within QuickBooks accounting software to manage its financial transactions and records.

Onscreen Journal

A digital ledger displayed on a screen, used to record financial transactions in accounting software.