There Were No Beginning and Ending Inventories

question 122

Multiple Choice

$\begin{array}{lr}\text { Production in units } & 3,000 \\\text { Direct materials cost } & \$ 7,000 \\\text { Direct labor cost } & \$ 10,000 \\\text { Overhead cost } & \$ 9,600 \\\text { Sales commission per unit sold } & \$ 4 \\\text { Price per unit sold } & \$ 29 \\\text { Fixed selling and administrative expense } & \$ 7,000\end{array}$ There were no beginning and ending inventories.
-Refer to Figure 9-5. What is operating income for Sully Company for last month?

• A) $24,000
• B) $34,600
• C) $49,400
• D) $27,400
• E) $41,400

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Definitions:

Goal Setting

The process of identifying specific, measurable, attainable, relevant, and time-bound objectives to achieve desired results.

Profit-Sharing Plan

A company program that distributes a portion of its profits to its employees, typically in the form of bonuses or as part of retirement benefits.

Failure Reduction

The process of identifying, analyzing, and mitigating errors, flaws, or failures in a system or process to improve overall performance and reliability.

Metrics

Quantitative measures used to track and assess the status of specific processes, activities, or outcomes within an organization.