Answer the Following Questions Using the Information Below

question 206

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.
-Operating profit using absorption costing will be ________ operating profit if using variable costing.

• A)$450 higher than
• B)$1350 lower than
• C)the same as
• D)$900 higher than

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Definitions:

Private Acceptance

The genuine internalization and embracing of a particular belief or attitude, often as a result of social influence.

Pluralistic Ignorance

Looking to others for cues about how to behave, while they are looking to you; collective misinterpretation.

Medium-Sized

Referring to something that falls approximately in the middle of a scale or range in terms of size or capacity.

Informational Influence

The change in opinions or behavior that occurs when an individual conforms to what they believe to be the correct response in a specific context, often based on the information provided by others.