Barrett,Inc

question 34

Multiple Choice

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

The beginning Finished Goods Inventory costs were $3300 under absorption costing and $3420 under variable costing.
What is the operating income using variable costing?

• A)$42,780
• B)$45,200
• C)$14,380
• D)$4780

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Definitions:

Cynicism

An attitude characterized by a general distrust of others' motives.

Evasive

Tending to avoid commitment or self-revelation, especially by responding only indirectly.

Liar

A person who tells falsehoods or deliberately omits truth with the intention to deceive or mislead.

Fear

An emotional response to perceived threats or danger, leading to caution or avoidance behaviors.