Answer the Following Questions Using the Information Below

question 96

Multiple Choice

Answer the following questions using the information below:
Jupiter Corporation incurred fixed manufacturing costs of $16,000 during 2015. Other information for 2015 includes:
The budgeted denominator level is 2,000 units.
Units produced total 2,200 units.
Units sold total 1,900 units.
Variable cost per unit is $4.
Beginning inventory is zero.
The fixed manufacturing cost rate is based on the budgeted denominator level.
-Under absorption costing,fixed manufacturing costs expensed on the income statement (excluding adjustments for variances) total ________.

• A) $26,400
• B) $22,800
• C) $24,000
• D) $21,818

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Definitions:

Percentage

A number expressed as a fraction of 100, used to denote the ratio or proportion of a part relative to the whole.

Sudden Infant Death Syndrome

Sudden Infant Death Syndrome (SIDS) is the sudden and unexplained death of an apparently healthy infant, often during sleep, and without a clear cause even after a thorough investigation.

Babies

young infants, often referring to those from birth to 12 months, characterized by rapid physical and cognitive development.

Aged

refers to individuals who are significantly above the average human life expectancy, typically those considered elderly or senior citizens.