Truman Corporation The Following Information Has Been Extracted from the Financial Records

question 69

Multiple Choice

Truman Corporation
The following information has been extracted from the financial records of Truman Corporation for its first year of operations:

• A)$70,000
• B)$79,000
• C)$30,000
• D)$58,000

Units produced	10,000
Units sold	7,000
Variable costs per unit:
Direct material	$8
Direct labor	9
Manufacturing overhead	3
SG&A	4
Fixed costs:
Manufacturing overhead	$70,000
SG&A	30,000

Refer to Truman Corporation.Based on absorption costing,what amount of period costs will Truman Corporation deduct?

---

Definitions:

Core Capitalist Countries

Denotes nations that are at the forefront of the global economic system, characterized by strong, developed economies and significant influence over world trade and financial markets.

Peripheral Countries

Nations that are less economically developed with minimal influence in the global economic system, often exploited by more dominant, economically powerful countries.

Taiwan

An island in East Asia, known for its dynamic economy and vibrant democracy, despite complex international status and relations with China.