Timkon Manufacturing Has Provided the Following Operating Results for Its

question 74

Multiple Choice

Timkon Manufacturing has provided the following operating results for its recent operations:
$\begin{array}{lr}\text { Beginning inventory of finished goods } & 4,500 \\\text { Units produced (no work in process) } & 10,000 \\\text { Units sold } & 12,500 \\\text { Units in ending inventory of finished goods } & 2,000\\\text { Sales price }&\$ 50 \text { per unit }\\\text { Variable manufacturing costs }&\$ 20 \text { per unit }\\\text { manufactured Variable selling expenses }&\$ 2 \text { per unit sold }\\\text { Variable administrative expenses } & \$ 1 \text { per unit sold Fixed manufacturing } \\\text { costs for the year } & \$ 100,000 \\\text { Fixed selling expenses for the year } & \$ 52,000 \\\text { Fixed administrative expenses for the year } & \$ 84,000\end{array}$
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Net income under the absorption costing method is:

• A)$25,000
• B)$101,500
• C)$76,500
• D)$126,500

Recognize the importance and application of the memory process steps: intention, attention, association, retention, and recall.

Appreciate the relevance of matching learning strategies to one's learning style for improved memory retention.

Apply memory strategies to specific academic content areas such as history, calculus, and physics.

Understand the relationship between sensory inputs, physical activity, and memory enhancement.