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

question 116

Multiple Choice

Khanam Company, which has only one product, has provided the following data concerning its most recent month of operations:
$\begin{array}{|l|r|}\hline \text { Selling price } & \$ 97 \\\hline \text { Units in beginning inventory } & 500 \\\hline \text { Units produced } & 8,400 \\\hline \text { Units in ending inventory } & 400 \\\hline \text { Variable costs per unit: } & \\\hline \text { Direct materials } & \$ 20 \\\hline \text { Direct labour } & \$ 37 \\\hline \text { Variable manufacturing overhead } & \$ 1 \\\hline \text { Variable selling and administrative } & \$ 11 \\\hline \text { Fixed costs: } & \\\hline \text { Fixed manufacturing overhead } & \$ 67,200 \\\hline \text { Fixed selling and administrative } & \$ 161,500 \\\hline\end{array}$ The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.


-What is the amount of fixed overhead released under absorption costing?

• A) $0
• B) $3,200
• C) $4,000
• D) $67,200

Know how to use OR to combine multiple criteria in query design.

Understand the use of comparison and logical operators in database queries.

Recognize the utility of aggregate functions in queries for statistical analysis.

Understand how to modify field properties and captions in query results to enhance readability and interpretation.

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Definitions:

O Horizon

The topmost layer of soil, primarily composed of organic matter such as decomposed leaves, twigs, and other plant material.

Organic Litter

Decomposed or decomposing organic matter found on the surface of the soil, originating from dead plants and animals.

Casparian Strip

A waterproof barrier located in the cell walls of the endodermis of plant roots, controlling the flow of water and nutrients from the soil into the vascular system of the plant.

Endoderm

Innermost tissue layer of an animal embryo.