Petra,IncHas Collected the Following Data What Is the Operating Income Using Absorption Costing? (Round Any

question 136

Multiple Choice

Petra,Inc.has collected the following data.(There are no beginning inventories.) : $\begin{array}{|l|r|l|}\hline \text { Units produced } & 480 &\text { units } \\\hline \text { Units sold } & 480 &\text { units } \\\hline \text { Sales price } & \$ 210 &\text { per unit } \\\hline \text { Direct materials } & \$ 40 &\text { per unit } \\\hline \text { Direct labor } & \$ 35 &\text { per unit } \\\hline \text { Variable manufacturing overhead } & \$30& \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 11,000 &\text { per year } \\\hline \text { Variable selling and administrative costs } & \$10&\text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 10,000&\text { per year }\\\hline\end{array}$ What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)

• A)$39,400
• B)$34,600
• C)$24,600
• D)$29,400

---

Definitions:

Social Obligations

Duties or responsibilities to others that arise from societal norms and expectations.

Destructive Behaviors

Actions that are harmful or damaging to oneself or others, often stemming from negative emotions or psychological distress.

Humanistic Theorists

Psychologists who focus on individual potential and stress the importance of growth and self-actualization.

Trait Perspective

A psychological viewpoint that suggests that personality is composed of various stable characteristics or traits that influence behaviors and actions.