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Woodhead Inc. 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. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year:
-The net operating income for the year is closest to:
Heightened scrutiny standard
A legal standard applied by courts to review and evaluate the constitutionality of certain laws, particularly those that involve potential discrimination.
Intermediate scrutiny
A standard of judicial review that applies to classifications based on gender or legitimacy, requiring the law to serve an important government objective in a way that is substantially related to that objective.
Hostile work environment
A situation in which an employee experiences an offensive, intimidating, or oppressive atmosphere created by discriminatory harassment, affecting their ability to work.
Sexual harassment
Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.
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