Jeter Corporation Had Net Income of $212,000 Based on Variable

question 29

Multiple Choice

Jeter Corporation had net income of $212,000 based on variable costing.Beginning and ending inventories were 6,000 units and 10,000 units,respectively.Assume the fixed overhead per unit was $4 for both the beginning and ending inventory.What is net income under absorption costing?

• A)$252,000
• B)$228,000
• C)$244,000
• D)$276,000
• E)$212,000

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Definitions:

Excitement

A state of heightened arousal and enthusiastic anticipation towards an event or activity.

Despondent

Feeling or showing extreme discouragement, dejection, or depression.

Passionate

Describes having, showing, or caused by strong feelings or beliefs.

Companionate

Refers to love characterized by deep affection, friendship, and emotional intimacy, as opposed to passionate love.