The Following Information Pertains to Nute Corporation -Refer to the Figure

question 15

Multiple Choice

The following information pertains to Nute Corporation:
$$\begin{array} { l r } \text { Beginning inventory } & 1,000 \text { units } \\\text { Ending inventory } & 6,000 \text { units } \\\text { Direct labour per unit } & \$ 40 \\\text { Direct materials per unit } & 20 \\\text { Variable overhead per unit } & 10 \\\text { Fixed overhead per unit } & 30 \\\text { Variable selling and administrative costs per unit } & 6 \\\text { Fixed selling and administrative costs per unit } & 14\end{array}$$
-Refer to the Figure.What is the value of the ending inventory using the variable costing method?

• A)$240,000
• B)$350,000
• C)$360,000
• D)$420,000

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Definitions:

Episodic Memory

A form of long-term memory that is concerned with the recall of particular occurrences, settings, and personal experiences.

Hazing

The practice of imposing strenuous, often humiliating tasks or rituals as part of a group initiation process.

Postdecisional Dissonance

A psychological phenomenon where after making a decision, an individual experiences stress or regret, questioning if the right choice was made.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.