The Pacific Company Manufactures a Single Product During the Year, 5,000 Units Were Produced and 4,800 Units

question 31

Multiple Choice

The Pacific Company manufactures a single product. The following data relate to the year just completed:
$\begin{array}{|l|r|}\hline \text { Variable costs per unit: } & \\\hline \text { Production } &\$ 43 \\\hline \text { Selling and administrative } & \$ 15 \\\hline \text { Fixed costs in total: } & \\\hline \text { Production } &\$ 145,000 \\\hline \text { Selling and administrative } &\$ 95,000 \\\hline\end{array}$
During the year, 5,000 units were produced and 4,800 units were sold. There were no beginning inventories.

-Under absorption costing,what was the cost of goods sold for the year?

• A) $206,400.
• B) $278,400.
• C) $345,600.
• D) $360,000.

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Definitions:

Self-Fulfilling Prophecy

A belief or expectation that an individual holds about a future event that manifests because the individual holds it.

Self-Disclosure

The act of revealing personal, private information about oneself to others, facilitating intimacy and trust in relationships.

Social Scripts

Culturally provided mental instructions for how to act in various social situations, guiding behavior in recognizable routines.

Violent Behaviors

Activities that employ bodily force with the purpose of damaging, injuring, or ending the life of an individual or destroying an object.