Answer the Following Question(s)using the Information Below

question 162

Multiple Choice

Answer the following question(s) using the information below.Gabe's Auto produces and sells an auto part for $30.00 per unit.In 2012, 100,000 parts were produced and 75,000 units were sold.Other information for the year includes:

-What is the inventoriable cost per unit using variable costing?

• A)$14.25
• B)$15.00
• C)$18.75
• D)$20.10
• E)$20.00

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Definitions:

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s).

Probability

A quantification of the probability that a given event will happen, usually represented as a numerical value ranging from 0 to 1.

Chess Set

A collection of game pieces of a specific design used to play the game of chess, typically including 16 pieces for each player, comprising a king, a queen, two rooks, two bishops, two knights, and eight pawns.

Probability

The quantification of the probability of an event happening, represented as a numerical value ranging from 0 to 1, with 0 signifying it cannot happen and 1 signifying it is certain to happen.