Tabeling Corporation Manufactures and Sells a Single Product

question 150

Multiple Choice

Tabeling Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During August, the company budgeted for 6,500 units, but its actual level of activity was 6,540 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for August: Data used in budgeting: Actual results for August: The net operating income in the planning budget for August would be closest to:

• A)$21,300
• B)$21,908
• C)$11,005
• D)$10,871

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Definitions:

State Action

Activities or actions taken by government bodies or officials, covered by legal and constitutional protections.

Property Right

Legal rights to possess, use, and dispose of assets or properties.

State University

A public university that is primarily funded and operated by a state government.

State Action

Activities or actions carried out by government officials or entities, which are subject to constitutional protections against discrimination or infringement of rights.