During Its Most Recent Fiscal Year,Raphael Enterprises Sold 200,000 Electric

question 140

Multiple Choice

During its most recent fiscal year,Raphael Enterprises sold 200,000 electric screwdrivers at a price of $15 each.Fixed costs amounted to $400,000 and pretax income was $600,000.What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?

• A)$2,400,000.
• B)$1,600,000.
• C)$3,000,000.
• D)$2,000,000.
• E)$1,000,000.

Distinguish between obedience, conformity, compliance, and groupthink, and understand their implications in social contexts.

Identify factors that influence the rate of conformity, including group size, task difficulty, and presence of dissent.

Explain the psychological mechanisms behind groupthink, its occurrence, and its impact on decision-making.

Describe how experiments by psychologists such as Asch have contributed to the understanding of social influence.

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Definitions:

Activity Rate

A ratio used to allocate costs to products or services based on the activities that are required to produce them.

Cost Pool

A grouping of individual costs in accounting, typically by department or service center, from which costs are allocated to products or services based on a relevant allocation base.

Overhead Costs

Expenses associated with the day-to-day running of a business that are not directly linked to the production or selling of goods and services.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and considered a part of the product’s cost.