Ramon Company Reported the Following Units of Production and Sales

question 69

Multiple Choice

Ramon Company reported the following units of production and sales for June and July 2011: 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.
How much was net income for July using absorption costing?

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

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Definitions:

Bourgeois

A term that describes the middle class, particularly those with capitalist interests and values, often contrasted with the proletariat in Marxist contexts.

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Existing in or derived from nature; not made, caused by, or processed by humankind.

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Scholars and thinkers who critique and extend structuralism, emphasizing the instability of meaning, the role of power in discourse, and the complex interplay of social and cultural structures.

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