Answer the Following Question(s)using the Information Below

question 120

Multiple Choice

Answer the following question(s) using the information below.Marie's Decorating produces and sells a mantel clock for $100 per unit.In 2012, 100,000 clocks were produced and 80,000 were sold.Other information for the year includes:

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

• A)$32
• B)$35
• C)$40
• D)$60
• E)$75

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Definitions:

Top Management

The highest level of managers in an organization, typically responsible for strategic decisions and overall operations.

Planning

Planning involves setting goals and determining the most effective course of action to achieve those goals.

Long-term Plans

Strategic roadmaps developed to achieve goals and objectives over an extended period, typically beyond one year.

Short-term Plans

Strategic objectives and actions designed to be implemented and achieved within a brief period, usually less than a year.