Answer the Following Questions Using the Information Below

question 6

Multiple Choice

Answer the following questions using the information below:
Gloria's Decorating produces and sells a mantel clock for $80 per unit. In 2011, 50,000 clocks were produced and 40,000 were sold. Other information for the year includes:

-What is the inventoriable cost per unit using absorption costing?

• A)$32
• B)$35
• C)$60
• D)$80

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Definitions:

Treasurer

An officer of a company or organization responsible for managing the institution's finances, including financial planning, cash management, and investment.

Controlling

In management, the process of setting standards, measuring actual performance, and taking corrective action to ensure objectives are achieved.

Operating Results

A summary of financial performance over a specific period, including revenues, expenses, and net income or loss.

Expected Results

Predicted outcomes or achievements based on current plans, strategies, or investments.