A Business Operated at 100% of Capacity During Its First

question 42

Multiple Choice

A business operated at 100% of capacity during its first month and incurred the following costs: ​
If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month,what would be the amount of income from operations reported on the variable costing income statement?

• A) $100,800
• B) $100,000
• C) $114,800
• D) $140,000

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Definitions:

Neuron

A nerve cell that transmits nerve impulses as the basic functional unit of the nervous system.

Heterozygous Gene

A genetic condition where two alleles of a particular gene are different, one inherited from each parent, leading to variation in genetic traits.

Phenotype

Phenotype refers to the observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.