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

---

Definitions:

Childhood Obesity

A medical condition where a child is significantly overweight for his or her age and height, posing health risks.

Self-esteem

A person's personal assessment of their own value or merit.

Body Image Dissatisfaction

A person's distress or dissatisfaction with their own body size or shape, often a result of societal pressures or comparisons to others.

Socioeconomic Status

The evaluation of a family's or individual's rank within society, considering factors such as income, academic background, and professional occupation.