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Wind Fall,a manufacturer of leaf blowers,began operations this year.During this year,the company produced 10,000 leaf blowers and sold 8,500.At year-end the company reported the following income statement using absorption costing:
Production costs per leaf blower total $20,which consists of $16 in variable production costs and $4 in fixed production costs (based on the 10,000 units produced) .Fifteen percent of total selling and administrative expenses are variable.
Compute net income under variable costing.
Cross-sectional Study
An observational study that analyzes data from a population, or a representative subset, at a specific point in time to examine the presence of disease or other variables.
Health Outcomes
The results of medical conditions and/or health interventions on individuals, including changes in health status, quality of life, and mortality.
Variables Of Interest
Specific items that researchers seek to measure or observe within a study to understand patterns or associations.
Ecologic Fallacy
The error in reasoning that occurs when conclusions about individual-level processes are drawn from group-level data.
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