O'Briens Company, Which Has Only One Product, Has Provided the Following

question 76

Multiple Choice

O'Briens Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array} { | l | r | } \hline \text { Selling price } & \$ 165 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 4,300 \\\hline \text { Units sold } & 3,800 \\\hline \text { Units in ending inventory } & 500 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 31 \\\hline \text { Direct labour } & \$ 43 \\\hline \text { Variable manufacturing overhead } & \$ 5 \\\hline \text { Variable selling and administrative } & \$ 8 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } &\$ 165,400 \\\hline \text { Fixed selling and administrative } & \$ 80,200 \\\hline\end{array}$


-What was the operating income (loss) for the month under variable costing?

• A) ($7,200).
• B) $41,100.
• C) $50,800.
• D) $47,300.

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Definitions:

Gossip

Informal and often sensational talk about other people that may not be confirmed as true.

Accuracy

The level of correctness or precision in information, measurements, or outcomes.

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A communication technique involving fully concentrating, understanding, responding, and then remembering what is being said.

Interchange

The process or an instance of exchanging or substituting one thing for another, often used in the context of ideas or transportation systems.