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

question 14

Multiple Choice

The following information pertains to Shark Corporation:
$$\begin{array} { l r } \text { Beginning inventory } & 0 \text { units } \\\text { Ending inventory } & 6,000 \text { units } \\\text { Direct labour per unit } & \$ 2022 \\\text { Direct materials per unit } & 1618 \\\text { Variable overhead per unit } & 48 \\\text { Fixed overhead per unit } & 1012 \\\text { Variable selling costs per unit } & 1214 \\\text { Fixed selling costs per unit } & 1618\end{array}$$
-Refer to the Figure.What is the relationship between absorption-costing net income and variable-costing net income?

• A)Absorption-costing net income is $72,000 less.
• B)Absorption-costing net income is $70,000 less.
• C)Absorption-costing net income is $72,000 greater.
• D)Absorption-costing net income is $70,000 greater.

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Definitions:

Social Readjustment

The process of adapting to significant changes in one's life situation or societal roles, which can be a source of stress or personal growth.

Rating Scale

A set of categories designed to elicit information about a quantitative or a qualitative attribute.

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Events or situations that cause strain or tension, often requiring adaptation or coping strategies to manage.

Major Life Events

Significant occurrences that have a substantial impact on an individual's life and can lead to changes in behavior or development.