Answer the Following Questions Using the Information Below:
Queanbeyan Company

question 312

Multiple Choice

Answer the following questions using the information below:
Queanbeyan Company incurred fixed manufacturing costs of $7200 during 2018.Other information for 2018 includes:
The budgeted denominator level is 800 units.
Units produced total 1000 units.
Units sold total 950 units.
Beginning inventory was zero.
The fixed manufacturing cost rate is based on the budgeted denominator level.Manufacturing variances are closed to cost of goods sold.
-Woggoon Nature Corporation has provided the following information:
$\begin{array}{lr}\text { Beginning fixed manufacturing overhead in inventory } & \$ 60000 \\\text { Ending fixed manufacturing overhead in inventory } & 45000 \\\text { Beginning variable manufacturing overhead in inventory } & \$ 30000 \\\text { Ending variable manufacturing overhead in inventory } & 14250\\\\\text { Fixed selling and administrative costs } & \$ 724000 \\\text { Units produced } & 5000 \text { units } \\\text { Units sold } & 4800 \text { units }\end{array}$
What is the difference between operating profits under absorption costing and variable costing?

• A)$750
• B)$7500
• C)$15 000
• D)$30 750

Comprehend the importance of validity, reliability, and environmental factors in intelligence testing and interpretation.

Distinguish between different theoretical models of intelligence.

Understand the role of genetic and environmental factors in determining intelligence.

Identify the use and limitations of achievement and aptitude tests in measuring intelligence.

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Definitions:

Self-defeating Thought

A negative, often irrational belief about oneself that undermines one’s success or happiness by promoting pessimism, self-doubt, or self-sabotage.

Meeting

An assembly of people for a specific purpose, such as discussion or decision-making.

Context Reframing

A technique in therapy and communication that involves changing the context or perspective of a thought or situation to see it in a more positive or manageable light.

Cognitive Restructuring

A psychotherapeutic process of learning to identify and dispute irrational or maladaptive thoughts known as cognitive distortions.