Answer the Following Questions Using the Information Below

question 24

Multiple Choice

Answer the following questions using the information below:
Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:

-What is operating income using variable costing?

• A)$52,500
• B)$78,750
• C)$65,750
• D)$47,000

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Definitions:

Policy Makers

Individuals or groups responsible for making decisions and setting policies in various sectors, including government, organizations, and institutions, affecting how societies function and resources are allocated.

Means-Tested

A method for determining whether an individual or family is eligible for government assistance based on their income and assets.

Income Level

The amount of money earned by an individual or household over a certain period, influencing purchasing power and economic status.

In-Kind Benefits

Benefits provided in the form of goods or services, such as food aid or healthcare, rather than money.