Adens Corporation's Relevant Range of Activity Is 2,000 Units to 6,000

question 271

Multiple Choice

Adens Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows:

-If 5,000 units are sold,the total variable cost is closest to:

• A) $53,000
• B) $65,000
• C) $60,500
• D) $77,000

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Definitions:

Statement of Financial Position

Another term for the balance sheet, detailing a company's assets, liabilities, and equity at a specific point in time.

Inter-Fund Loans

Financial transactions involving the transfer of resources from one fund within an organization to another, typically within government or nonprofit entities.

Statement of Financial Position

Another term for balance sheet, detailing an entity’s assets, liabilities, and shareholders' equity at a specific point in time.

Consolidated Statements

Financial statements that combine the accounts of a parent company with those of its subsidiaries, presenting the financial performance and position of the group as a single entity.