Franz Began Business at the Start of This Year and Had

question 86

Multiple Choice

Franz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $220,000. The company sells its units for $45 each. There were no variances. Planned and actual production was 10,000 units. Sales were 8,500 units. The net income/(loss) under absorption costing is:

• A)$(7,500).
• B)$9,000.
• C)$15,000.
• D)$18,000.
• E)$35,000.

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Definitions:

Cognitive Behavior Therapies

A group of psychotherapeutic treatments that address dysfunctional emotions, behaviors, and thoughts through a goal-oriented, systematic process.

Integrative Framework

A comprehensive approach that combines elements from different theories or systems into a cohesive structure to address complex issues.

Cognitive-behavior Therapists

Mental health professionals who treat various disorders by changing negative thought patterns and behaviors.

Cognitive Therapy

A type of psychotherapy focused on modifying dysfunctional emotions, behaviors, and thoughts by interrogating and uprooting negative or irrational beliefs.