Locklear,Inc

question 100

Multiple Choice

Locklear,Inc.reports the following information for the year ended December 31:

The operating income calculated using variable costing and absorption costing amounted to $10,000 and $12,700,respectively.There were no beginning inventories.Determine the total fixed manufacturing overhead that will be expensed under absorption costing for the year.

• A)$10,140
• B)$7440
• C)$24,800
• D)$30,380

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Definitions:

American Adults

Individuals over the age of 18 living in the United States, encompassing a wide range of demographics and lifestyles.

Percentage

A numerical representation that expresses a fraction of 100.

Traumatic Encephalopathy

A condition usually caused by repeated head injuries, leading to brain damage and malfunction, such as seen in some contact sports athletes.

Chronic

A condition persisting for a long time or constantly recurring.