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

question 136

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Petra,Inc.has collected the following data.(There are no beginning inventories.) :  Units produced 480 units  Units sold 480 units  Sales price $210 per unit  Direct materials $40 per unit  Direct labor $35 per unit  Variable manufacturing overhead $30 per unit  Fixed manufacturing overhead $11,000 per year  Variable selling and administrative costs $10 per unit  Fixed selling and administrative costs $10,000 per year \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.)

Understand the importance and roles of third-party logistics (3PL) and fourth-party logistics (4PL) providers in supply chain management.
Comprehend the definitions and differences between vertical and horizontal relationships in the supply chain.
Recognize the significance of alignment, relationships, and collaboration in successful supply chain management.
Identify and analyze the various types of collaborations and their impact on supply chain efficiency.

Definitions:

Oedipus Complex

A psychoanalytic theory by Freud that a child has an unconscious desire for the opposite-sex parent and jealousy towards the same-sex parent.

Territorial

Pertaining to the ownership or use of specific areas of land or space, often relating to animals or countries defending specific regions from intruders.

Psychosexual Development

Freud's theory of the stages of sexual development from infancy to adulthood, each characterized by erogenous zones and conflicts.

Psychoanalytic Theory

A theory of personality and psychopathology, initiated by Sigmund Freud, that emphasizes unconscious processes and conflicts in human behavior.

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