Moneka Reported $65,000 of Income for the Year by Using

question 55

Multiple Choice

Moneka reported $65,000 of income for the year by using absorption costing. The company had no beginning inventory, planned and actual production of 20,000 units, and sales of 18,000 units. Standard variable manufacturing costs were $20 per unit, and total budgeted fixed manufacturing overhead was $100,000. If there were no variances, income under variable costing would be:

• A) $15,000.
• B) $55,000.
• C) $65,000.
• D) $75,000.
• E) $115,000.

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Definitions:

Relaxation

The state of being free from tension and anxiety, often achieved through techniques such as meditation or deep-breathing exercises.

Selective Attention

The cognitive process of focusing on a particular object or task while ignoring irrelevant information.

Cognitive Dissonance

A psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Consciousness

The awareness of one's own thoughts, feelings, and environment, serving as the basis for subjective experience.