Sproles Inc

question 46

Multiple Choice

Sproles Inc.manufactures a variety of products.Variable costing net operating income was $90,500 last year and its inventory decreased by 3,500 units.Fixed manufacturing overhead cost was $6 per unit.What was the absorption costing net operating income last year?

• A)$90,500
• B)$21,000
• C)$69,500
• D)$111,500

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Definitions:

Parabola

A symmetric curve formed by the intersection of a cone with a plane parallel to a straight line, generatrix, of the cone.

Initial Velocity

The velocity of an object at the start of a time interval.

Coin

A piece of metal, usually flat and circular, authorized by a government for use as money.

Parabola

A U-shaped curve, represented mathematically as the graph of a quadratic function.