Fomtech,Inc

question 93

Multiple Choice

Fomtech,Inc.had net income of $750,000 based on variable costing.Beginning and ending inventories were 50,000 units and 48,000 units,respectively.Assume the fixed overhead per unit was $.75 for both the beginning and ending inventory.What is net income under absorption costing?

• A) $751,500
• B) $676,500
• C) $823,500
• D) $748,500
• E) $750,000

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Definitions:

Spermatogenesis

The process by which male primordial germ cells undergo mitosis and meiosis to form mature sperm cells.

Secondary Sexual Characteristic

Physical traits that are not directly involved in reproduction but distinguish the sexes of a species, such as body hair in humans or plumage in birds.

Hermaphroditism

Reproduction in which a single individual produces both eggs and sperm.

Rhythm Method

A method of contraception based on avoiding intercourse during the period of a woman's cycle when she is most likely to conceive.