Answer the Following Question(s)using the Information Below

question 61

Multiple Choice

Answer the following question(s) using the information below.Heinrich Corporation budgeted fixed manufacturing costs of $6,000 during 2012.Other information for 2012 includes:
The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level.Manufacturing variances are closed to cost of goods sold.
-Fixed manufacturing costs expensed on the income statement (excluding adjustments for variances) total

• A)$3,600.
• B)$4,800.
• C)$6,000.
• D)$0.
• E)$7,200.

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Definitions:

Simulation

The use of a computer model to replicate the behavior of complex systems in order to study their properties or predict outcomes under different scenarios.

Risk Analysis

The process of identifying potential risks, quantifying their impact, and developing strategies to manage and mitigate them, especially in business and projects.

Uncertainty

The state of being unsure or having doubts, often quantifiable in finance and science.

Output Variable

The variable in a study or model that represents the result or outcome of interest, influenced by input variables.