Willis Company Had a Net Operating Income of £75,000 Using

question 36

Multiple Choice

Willis Company had a net operating income of £75,000 using variable costing and a net operating income of £57,000 using absorption costing. Variable production costs were £15 per unit. Total fixed manufacturing overhead was £120,000 and 10,000 units were produced. During the year, the stock level

• A)increased by 1,200 units.
• B)increased by 1,500 units.
• C)decreased by 1,500 units.
• D)decreased by 1,200 units.

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Definitions:

Protests and Petitions

Methods of nonviolent action used by individuals or groups to express opposition to or support for a cause, typically involving public demonstrations or formal requests to authorities.

Parliament

The supreme legislative body in a country, especially in those following the British system, composed of two houses: the upper house (Senate or House of Lords) and the lower house (House of Commons or House of Representatives).

Compromise

An agreement or a settlement of a dispute that is reached by each side making concessions.