Iancu Company, Which Has Only One Product, Has Provided the Following

question 123

Multiple Choice

Iancu Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array} { | l | r | } \hline \text { Selling price } & \$ 149 \\\hline \text { Units in beginning inventory } & 0 \\\hline \text { Units produced } & 4,200 \\\hline \text { Units sold } & 3,900 \\\hline \text { Units in ending inventory } & 300 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 27 \\\hline \text { Direct labour } & \$ 46 \\\hline \text { Variable manufacturing overhead } & \$ 5 \\\hline \text { Variable selling and administrative } & \$ 9 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 155,400 \\\hline \text { Fixed selling and administrative } &\$ 70,200 \\ \hline\end{array}$


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

• A) ($7,200).
• B) $11,100.
• C) $16,200.
• D) $27,300.

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Definitions:

Verbally

Through spoken words; orally.

Caution Signals

Signs that a buyer is neutral or skeptical toward what the salesperson says.

Agreement Signals

Non-verbal or verbal cues that indicate consensus or approval in a discussion or negotiation.

Nonverbal Communication

entails the transmission of messages or signals through a non-linguistic means, such as facial expressions, body language, and gestures.