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

question 64

Multiple Choice

Leeds Electronics, which has only one product, has provided the following data concerning its most recent month of operations:
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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 variable costing if the fixed manufacturing overhead is £230,000?

• A)£(18,700)
• B)£(5,700)
• C)£16,000
• D)(£9,000)

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Definitions:

Cognitive Deficiencies

Lacks in mental processes of understanding, including attention, memory, and reasoning.

Irrational Beliefs

Thoughts or ideas that are unrealistic, illogical, or not based on fact or rational reasoning, often leading to negative emotional outcomes or behaviors.

Contextual Awareness

The understanding of how situational, cultural, and environmental contexts affect individuals' thoughts, behaviors, and emotions.

Consciousness Development

Refers to the process of expanding self-awareness, understanding, and insight, often through practices such as meditation, education, and self-reflection.