Raymond Company Reported the Following Units of Production and Sales

question 22

Multiple Choice

Raymond Company reported the following units of production and sales for June and July:
Net income under absorption costing for June was $40,000; net income under variable costing for July was $50,000. Fixed manufacturing costs were $600,000 for each month.
-Refer to the Figure.What was the net income for July using absorption costing?

• A)$20,000
• B)$40,000
• C)$50,000
• D)$80,000

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Definitions:

Dialectical Behavior Therapy

A type of cognitive-behavioral therapy aimed at teaching people how to live in the moment, develop healthy ways to cope with stress, regulate emotions, and improve relationships with others.

Marsha Linehan

A psychologist known for developing Dialectical Behavior Therapy (DBT), which is effective in treating borderline personality disorder and other mental health disorders.

Psychologist

A professional specializing in the science of behavior and mental processes, often involved in research, assessment, and therapy.

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The primary or dominant environment or set of circumstances that influences or regulates behavior or processes.