(Appendix 5A)Phoeuk Corporation Manufactures and Sells One Product

question 29

Multiple Choice

(Appendix 5A) Phoeuk Corporation manufactures and sells one product.The following information pertains to the company's first year of operations: The company does not have any variable manufacturing overhead costs or variable selling and administrative costs.During its first year of operations, the company produced 41, 000 units and sold 40, 000 units.The company's only product is sold for $231 per unit. Assume that the company uses a variable costing system that assigns $22 of direct labor cost to each unit that is produced.The net operating income under this costing system is:

• A)$714, 000
• B)$824, 000
• C)$802, 000
• D)$880, 000

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Definitions:

Adhesive Molecule

Molecules that participate in binding or sticking cells together, playing critical roles in cell signaling and structural integrity.

Ground Substance

An amorphous gel-like substance surrounding the cells within the extracellular matrix of connective tissues, providing support and mediating communication between cells.

Stem Cell

Stem Cells are undifferentiated cells with the potential to develop into different cell types, used in medical research for their regenerative properties.

Differentiate

The process by which cells or tissues undergo a change from a generalized to a more specialized form or function.