Atlas Inc Uses a Standard Costing System

question 68

Multiple Choice

Atlas Inc. uses a standard costing system. Atlas's year ending balances at December 31, 2015 are shown here: Calculate standard net operating income of the company for the year ended.

• A) $8,780
• B) $6,290
• C) $8,470
• D) $7,530

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Definitions:

Gas Chromatography

An analytical method used to separate and analyze compounds that can be vaporized without decomposition, often used in chemistry for identifying substances within a test sample.

Flooring Planks

Long, thin boards used as a fundamental component in flooring systems, traditionally made of wood but now also available in various materials like vinyl or laminate.

Char

Partially burnt organic material or the process of partial combustion that leaves a substance with increased carbon content.

Gas Chromatography Injector

A component of a gas chromatography system that introduces the sample into the flow path of the carrier gas.