Bethel, Inc What Is the Operating Income Using Variable Costing If 500

question 14

Multiple Choice

Bethel, Inc. has collected the following data. (There are no beginning inventories.) $$\begin{array} { | l | r | l | } \hline \text { Units produced } & 530 & \text { units } \\\hline \text { Sales price } & \$ 140 & \text { per unit } \\\hline \text { Direct materials } & \$ 17 & \text { per unit } \\\hline \text { Direct labor } & \$ 13 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 10 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 19,200 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 10 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 10,000 & \text { per year } \\\hline\end{array}$$ What is the operating income using variable costing if 500 units are sold?

• A) $15,800
• B) $45,000
• C) $60,000
• D) $4200

Comprehend the historical development and characteristics of various types of societies.

Identify the challenges and barriers faced by women in organizations.

Recognize the role of cooperation and trust in social interactions.

Grasp the significance of major technological inventions in societal evolution.

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Definitions:

Cash Dividends

Disbursements from a corporation's earnings made to its shareholders, often as a share of profits.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and potentially receiving dividends.

Balance Sheet

An exposition on a company's assets, its financial responsibilities, and the equity owned by shareholders, documented at a fixed point in time.

Total Revenue

The overall amount of money generated by a company from its business activities, before any expenses are subtracted.