Watson,Inc The Beginning Finished Goods Inventory Costs Were $3,800 Under Absorption

question 37

Multiple Choice

Watson,Inc.has collected the following data for the current year: $$\begin{array} { | l | r |l| } \hline \text { Beginning Finished Goods Inventory } & 50& \text { units } \\\hline \text { Units produced } & 560 &\text { units } \\\hline \text { Units sold } & 610 &\text { units } \\\hline \text { Sales price } & \$ 180 &\text { per unit } \\\hline \text { Direct materials } & \$ 27& \text { per unit } \\\hline \text { Direct labor } & \$ 16& \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 15 &\text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 16,900 &\text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 7 &\text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 13,500& \text { per year } \\\hline\end{array}$$ The beginning Finished Goods Inventory costs were $3,800 under absorption costing and $2,000 under variable costing.
What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )

• A)$56,619
• B)$38,849
• C)$52,349
• D)$3,800

Understand the role of nurses in public health initiatives and policy advocacy.

Analyze the effects of health care legislation and policy on health care delivery and practice.

Understand the role and impact of nursing associations and their political action committees (PACs) in shaping healthcare policy.

Comprehend the critical issues addressed by The Health Insurance Portability and Accountability Act (HIPAA) of 1996.

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Definitions:

National Government

The organization and institution that holds the authority to govern a nation or country, usually comprising an executive, legislative, and judiciary branch.

Federal Agencies

Governmental bodies established by the federal government of a country to implement specific legislation and administer public policy in areas ranging from health, safety, to environmental protection.

Role Of Corporations

The influence and responsibilities of large business entities in society, including economic, social, and environmental impacts.

Federal Government

The national government of a federal state, which shares sovereignty with the constituent states or provinces, responsible for the nation's defense, foreign policy, and interstate commerce.