In Its First Year of Operations, a Company Has Sales

question 21

Multiple Choice

In its first year of operations, a company has sales of $116,000, ending finished goods inventory of $11,800, variable manufacturing costs of $57,600, and fixed manufacturing costs of $28,000 for the year. Assuming the company uses direct costing, the cost of goods sold for the year is

• A)$70,200.
• B)$17,800.
• C)$45,800.
• D)$57,600.

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Definitions:

Peak Voltage

The maximum absolute value of voltage in a periodic waveform, indicating the highest point the voltage reaches.

Persisting Positive Charge

A lasting electrical charge characterized by an excess of protons, often seen in certain particles or materials.

Negative Charge

An electrical charge that results from an excess of electrons in an atom or molecule, leading to an attraction to positively charged particles.

Action Potential

A transient electrical charge that travels along a neuron's axon, enabling neural communication.