Leeds Electronics, Which Has Only One Product, Has Provided the Following

question 35

Multiple Choice

Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations:
-The management accountant has discovered an error in last month's accounts. The fixed manufacturing overhead should have been stated at £230,000.
What is the net operating income for the month under absorption costing if the fixed manufacturing overhead is £230,000?

• A)£31,333
• B)£23,333
• C)£18,500
• D)(£0)

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Definitions:

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Having a strong desire for success, achievement, or distinction, often coupled with a willingness to work hard.

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The practice of distributing authority and decision-making responsibility among members of a group or organization.

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The perception of one's ability to control or influence their own life and the outcomes within their personal or professional domain.