Shore Company Reports the Following Information Regarding Its Production Cost

question 56

Multiple Choice

Shore Company reports the following information regarding its production cost. $\begin{array}{ll}\text { Units produced } & 28,000 \text { units } \\\text { Direct labor } & \$ 23 \text { per unit } \\\text { Direct materials } & \$ 24 \text { per unit } \\\text { Variable overhead } & \$ 280,000 \text { in total } \\\text { Fixed overhead } & \$ 94,920 \text { in total }\end{array}$ Compute production cost per unit under absorption costing.

• A)$57.00
• B)$60.39
• C)$47.00
• D)$23.00
• E)$24.00

Differentiate between various models of abnormal behavior (biological, psychodynamic, cognitive).

Recognize the criteria used to define and diagnose abnormal behavior and psychological disorders.

Identify the legal and clinical distinctions between terms used in the context of mental health.

Understand the role of personal distress and maladaptive behavior in the diagnosis of psychological disorders.

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Definitions:

Short Run

A period of time in economics during which at least one input is fixed, limiting the immediate capacity of businesses to adjust to market changes.

Losses

Financial reductions resulting from the operation of a business, particularly when expenses exceed revenues.

Shut Down

In economics, shut down refers to a short-term decision by a firm to cease production because operating costs exceed the revenue generated, particularly when prices fall below variable costs.

Increasing-Cost Industry

An industry in which costs of production increase as output is increased, often due to factors like limited resources or higher input prices.