Catherman Corporation Manufactures One Product

question 102

Multiple Choice

Catherman Corporation manufactures one product. It does not maintain any beginning or ending inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold.
During the year, the company produced and sold 32,400 units at a price of $42.30 per unit. Its standard cost per unit produced is $36.90 and its selling and administrative expenses totaled $102,000. The company does not have any variable manufacturing overhead costs and it recorded the following variances during the year:

-The net operating income for the year is closest to:

• A) $107,269
• B) $6,150
• C) $89,348
• D) $72,960

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Definitions:

Right to Confidentiality

The principle that personal information shared with a professional must not be disclosed without the individual's consent.

Verbally Refuses Medication

The act of a patient clearly and vocally denying consent to take prescribed medication.

Charged with Battery

Legal accusation involving the unconsented physical contact or application of force against another person.

Geriatric Dose

A medication dosage tailored to the unique physiological conditions of older adults, typically lower than standard adult doses.