Helmers Corporation Manufactures a Single Product

question 97

Multiple Choice

Helmers Corporation manufactures a single product. Variable costing net operating income last year was $86,000 and this year was $103,000. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing.
-What was the absorption costing net operating income this year?

• A) $81,000
• B) $83,000
• C) $115,000
• D) $123,000

Grasp the legal recovery options available when dealing with forged endorsements and unauthorized check payments.

Understand the concept and legal standing of substitute checks.

Recognize the process of provisional credit and its implications for deposited checks.

Understand the legal recourse for victims of check theft and forgery, including the allocation of financial loss.

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Definitions:

Vagus Nerve

The vagus nerve is the tenth cranial nerve and is involved in controlling the heart, digestive tract, and respiratory rate, among other functions.

Glossopharyngeal Nerve

A cranial nerve that manages taste and other functions in the tongue and throat.

Paralysis

The loss of the ability to move and sometimes to feel anything in part or most of the body, typically as a result of illness, injury, or poison.

Facial Nerve

The seventh cranial nerve that controls the muscles of facial expression.