Marshall,Inc The Beginning Finished Goods Inventory Costs Were $3400 Under Absorption

question 82

Multiple Choice

Marshall,Inc.has collected the following data for the current year: $$\begin{array} { | l | r | l | } \hline \text { Beginning Finished Goods Inventory } & 50 & \text { units } \\\hline \text { Units produced } & 510 & \text { units } \\\hline \text { Units sold } & 560 & \text { units } \\\hline \text { Sales price } & \$ 160 & \text { per unit } \\\hline \text { Direct materials } & \$ 25 & \text { per unit } \\\hline \text { Direct labor } & \$ 14 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 17 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 12,000 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 4 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 13,000 & \text { per year } \\\hline\end{array}$$ The beginning Finished Goods Inventory costs were $3400 under absorption costing and $3000 under variable costing.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)$45,640
• B)$30,400
• C)$43,400
• D)$3400

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Definitions:

Dams

Structures built across rivers or streams to control the flow of water for the purposes of water storage, flood prevention, irrigation, and hydroelectric power generation.

Wetlands

Ecosystems characterized by the presence of standing water, which support a diverse range of plant and animal life and provide critical ecological services.

Southern Ontario

A region of the Canadian province of Ontario, located in the southernmost part of the country, known for its dense population and significant industrial activity.

Wetlands

Areas where water covers the soil, either year-round or for varying periods of time throughout the year, including marshes, swamps, and bogs, important for biodiversity and flood control.