A Review of Parrish Corporation's Accounting Records Found That at a Volume

question 13

Multiple Choice

A review of Parrish Corporation's accounting records found that at a volume of 90,000 units,the variable and fixed cost per unit amounted to $8 and $4,respectively.On the basis of this information,what amount of total cost would Parrish anticipate at a volume of 85,000 units?

• A)$1,020,000.
• B)$1,040,000.
• C)$1,060,000.
• D)$1,080,000.
• E)Some other amount not listed abovE.

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Definitions:

Average Age

The mean age of a group of individuals or items, calculated by summing their ages and dividing by the number of individuals or items.

Mutual Funds

Investment vehicles made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Gross Earnings

The total income earned by an individual or company before any deductions or taxes are taken out.

Provincial Utility

A utility company or service, like electricity or water, that is operated at the provincial or state level rather than locally or nationally.