Condit Corporation Manufactures a Variety of Products

question 34

Multiple Choice

Condit Corporation manufactures a variety of products. Variable costing net operating income was $75,600 last year and was $80,100 this year. Last year, inventory decreased by 3,400 units. This year, inventory increased by 3,000 units. Fixed manufacturing overhead cost is $5 per unit.
-What was the absorption costing net operating income last year?

• A)$77,600
• B)$75,600
• C)$92,600
• D)$58,600

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Definitions:

Replacing Workers

The act of finding and hiring new employees to fill vacancies created by departing or terminated staff.

Promotion Rate

The frequency or rate at which employees in an organization are advanced to higher positions or ranks.

Vacancy Model

A framework or method used for determining and forecasting the vacancies within an organization, often for the purpose of succession planning or talent management.

Mass Customization in HR

Personalizing the management and development of employees on a large scale to meet individual needs while achieving efficiency.