Carter Reported $106,000 of Income for the Year by Using

question 61

Multiple Choice

Carter reported $106,000 of income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 50,000 units, and sales of 47,000 units. Standard variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. If there were no variances, income under absorption costing would be:

• A) $52,000.
• B) $97,000.
• C) $106,000.
• D) $115,000.
• E) $160,000.

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Definitions:

Analogy Marketing

A marketing strategy that involves drawing comparisons between similar concepts, products, or services to explain or promote a product.

Trial Closes

Techniques used by salespeople to gauge a prospect's interest or readiness to buy, typically by asking indirect questions or making suggestions that prompt the prospect to reveal their level of interest.

Memorized Sales Presentation

A memorized sales presentation is a scripted pitch that a salesperson has learned by heart to deliver to potential buyers.

Visual Aids

Tools and materials, such as slides, videos, and models, designed to enhance audience understanding of a presentation's key points.