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:

Primary Key

An attribute or set of attributes that uniquely identifies a record in a database table.

Expected Graduation Year

The year in which a student is anticipated to complete their academic degree program.

PID

Stands for Proportional-Integral-Derivative, a type of control system used in industrial control applications to regulate temperature, flow, pressure, speed, and other process variables.

Foreign Key

A field in a database table that creates a link between two tables, identifying a row in another table to establish a relationship.