Elliot Company, Which Has Only One Product, Has Provided the Following

question 3

Multiple Choice

Elliot Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array}{l|r|}\hline \text { Selling price } & \$ 112 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 4,900 \\\hline \text { Units sold } & 4,500 \\\hline \text { Units in ending inventory } & 400 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 19 \\\hline \text { Direct labour } & \$ 45 \\\hline \text { Variable manufacturing overhead } & \$ 6 \\\hline \text { Variable selling and administrative } & \$ 9 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 117,600 \\\hline \text { Fixed selling and administrative } & \$ 22,500 \\\hline\end{array}$

-What was the operating income (loss) for the month under variable costing?

• A) ($19,600).
• B) $8,400.
• C) $9,600.
• D) $18,000.

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Definitions:

Natural Killer

A type of lymphocyte (white blood cell) part of the innate immune system, responsible for the destruction of infected and cancerous cells.

Monoclonal Antibodies

Laboratory-produced molecules engineered to serve as substitute antibodies that can restore, enhance, or mimic the immune system's attack on cells, including cancer cells.

B Cells

A type of white blood cell that plays a vital role in the immune system, particularly in the production of antibodies to neutralize pathogens.

Antigens

Substances that provoke an immune response when detected by the body, typically proteins or polysaccharides found on the surface of pathogens.