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Groovelex Inc

question 90

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Groovelex Inc.reports the following information for the year ended December 31,2014: Groovelex Inc.reports the following information for the year ended December 31,2014:    -The operating profit calculated using variable costing and absorption costing amounted to $9,270 and $11,250,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year 2014. A) $10,230 B) $8,250 C) $20,750 D) $25,000
-The operating profit calculated using variable costing and absorption costing amounted to $9,270 and $11,250,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year 2014.


Definitions:

Contextual Factors

External and internal conditions that influence the behavior of individuals or the performance of organizations.

Work Conditions

The environment and circumstances under which individuals carry out their job duties, including aspects such as hours, atmosphere, and safety measures.

Interpersonal Relations

The way in which individuals relate, interact, and communicate with one another, impacting social cohesion and personal well-being.

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, for the services of an employee.

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