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Valuable Electronics Uses a Standard Part in the Manufacture of Different

question 146

Multiple Choice

Valuable Electronics uses a standard part in the manufacture of different types of radios manufactured by it The total cost of producing 25,000 parts is $95,000, which includes fixed costs of $40,000 and variable costs of $55,000. The company can buy the part from an outside supplier for $3 per unit, and avoid 20% of the fixed costs. Assume that free factory space can be used to manufacture another product that can earn profit of $15,000. If Valuable outsources, what will be the effect on operating income?

Analyze the effectiveness of Eye Movement Desensitization Reprocessing (EMDR) therapy in treating psychological disorders.

Differentiate short-term from long-term therapy approaches and recognize their objectives.

Appreciate the historical context and evolution of terminology in psychotherapy, such as the preference for the term “client” over “patient”.

Understand the roles and powers of federal agencies in enforcing antitrust laws.

Definitions:

Fiscal Period

A specific time period for which an organization plans its budgets and reports financial performance, often a year or quarter.

Unearned Service Revenue

Unearned service revenue is money received by a company for services it has yet to perform, considered a liability until the service is delivered.

Adjusting Entry

An accounting entry made in the books at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Legal Services

Professional services provided by lawyers or attorneys related to the law, including advice, representation, or legal documentation.