Timkon Manufacturing Has Provided the Following Operating Results for Its

question 67

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 direct (variable) costing method is:

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

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Definitions:

Gray Matter

The darker tissue of the brain and spinal cord, consisting mainly of nerve cell bodies and branching dendrites.

White Matter

The part of the brain and spinal cord made up of myelin-coated nerve fibers that are responsible for transmitting signals between different brain regions and the spinal cord.

Occipital Lobe

The region of the cerebral cortex at the back of the brain, responsible for processing visual information.

Parietal Lobes

Regions of the brain located behind the frontal lobes, involved in processing sensory information such as touch and taste.