Use the Information Below to Answer the Following Question(s)

question 113

Multiple Choice

Use the information below to answer the following question(s) .Macadamia Co.produced and sold 40,000 units last year.Per unit revenue and costs were as follows:
Fixed manufacturing overhead and administrative salaries are fixed costs.The per unit amounts are based on last year's production.
-Calculate last year's operating income when the company produced and sold 40,000 units.

• A)$0
• B)$<200,000>
• C)$<500,000>
• D)$<800,000>
• E)$<1,000,000>

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Definitions:

Intelligence Quotient

A measure of a person's intellectual abilities in relation to the average performance of others in their age group.

Deviation Scores

Statistical measures that indicate the difference between an observed value and the mean of a dataset, showing how far from the "normal" a particular value lies.

Normal Distribution

A bell-shaped distribution of data where most values cluster around a central mean or average value.

Mental Age

An estimate of an individual's level of cognitive development compared to others, based on performance in intelligence tests.