Delta,Epilson,and Sigma Companies Three New Companies (Delta,Epilson,and Sigma)began Operations on January 1 of January

question 159

Multiple Choice

Delta,Epilson,and Sigma Companies
Three new companies (Delta,Epilson,and Sigma) began operations on January 1 of the current year.Consider the following operating costs that were incurred by these companies during the complete calendar year:

• A)Delta Company
• B)Epsilon Company
• C)Sigma Company
• D)All of the companies will report the same income.

	Delta Company	Epsilon Company	Sigma Company
Production in units	10,000	10,000	10,000
Sales price per unit	$10	$10	$10
Fixed production costs	$10,000	$20,000	$30,000
Variable production costs	$30,000	$20,000	$10,000
Variable SG&A	$1/unit	$2/unit	$3/unit
Fixed SG&A	$30,000	$20,000	$10,000

Refer to Delta,Epilson,and Sigma Companies.Based on sales of 7,000 units,which company will report the greater income before income taxes if absorption costing is used?

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Definitions:

Stock Exchanges

Platforms where stocks, bonds, and other securities are bought and sold.

Registration Fees

Charges associated with registering for certain services, rights, or activities, often official or legal in nature.

Operating Costs

Expenses associated with the day-to-day functions of a business, including costs related to administration, labor, and raw materials.

Stockbrokers

Professionals who buy and sell securities on behalf of their clients, facilitating transactions in the stock market.