For the Month Ended October 31^st, There Are No Finished

question 66

Multiple Choice

For the month ended October 31^st, there are no finished goods or work in process inventories at the beginning of the month for the Fleetfoot Company. Net sales $8,400
Product costs:
Variable 3,780
Fixed 1,890
Selling and Administrative costs:
Variable 588
Fixed 840
Units manufactured 210
Units sold 180
Under variable costing, Fleetfoot's operating income for the year is:

• A)$2,112
• B)$1,842
• C)$1,014
• D)$2,002

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Definitions:

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A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

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A period of widespread social activism and political reform in the United States that spanned from the 1890s to the 1920s.

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