Answer the Following Questions Using the Information Below

question 107

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 variable costing,the fixed manufacturing costs expensed on the income statement (excluding adjustments for variances) total ________.

• A) $16,000
• B) $15,200
• C) $14,400
• D) 0

---

Definitions:

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world economy, politics, and culture.

Depressions

Extended periods of significant decline in general economic activity, usually marked by severe drops in GDP, high unemployment, and deflation.

March 1933

A significant month during the Great Depression in the United States, marked by President Roosevelt's Bank Holiday and the beginning of New Deal policies.

Banks

Financial institutions that accept deposits from the public, lend money, and offer various other financial services.