A Business Operated at 100% of Capacity During Its First

question 32

Multiple Choice

A business operated at 100% of capacity during its first month and incurred the following costs: If 1,000 units remain unsold at the end of the month and sales total $150,000 for the month, what would be the amount of income from operations reported on the absorption costing income statement?

• A)$50,400
• B)$70,000
• C)$52,000
• D)$68,400

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Definitions:

Independent Variable

An independent variable is a condition or factor that is manipulated or changed in an experiment to observe its effect on a dependent variable, helping to establish cause-and-effect relationships.

Database

A structured set of data held in a computer or server, accessible in various ways, used to store and manage information systematically.

Workforce Diversity

The inclusion of individuals from various backgrounds, cultures, ages, genders, and abilities in the workplace.

Respecting Differences

Acknowledging and valuing the diversity of others' ideas, perspectives, and characteristics in a considerate and nonjudgmental manner.