Anchovy,Inc

question 80

Essay

Anchovy,Inc.,a producer of frozen pizzas,began operations this year.During this year,the company produced 16,000 cases of pizza and sold 15,000.At year-end,the company reported the following income statement using absorption costing:
Production costs per case total $19,which consists of $15.50 in variable production costs and $3.50 in fixed production costs (based on the 16,000 units produced).Eight percent of total selling and administrative expenses are variable.Compute net income under variable costing.

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Racial Discrimination

The unfair treatment of individuals or groups based on their race or ethnicity, resulting in disadvantages in social, economic, and political areas.

Fair Housing Act

A U.S. federal law established in 1968 to prohibit discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, or sex.

Hispanics

Term used to describe people with cultural ties to Spain or Spanish-speaking countries, especially those in Latin America.

Native Americans

The indigenous peoples of the United States, including both the mainland and the Native Alaskan communities.