Chamiching Makes Hacksaw Blades In the First Year, Variable Costs Accounted for Half of First

question 14

Multiple Choice

Chamiching makes hacksaw blades. Inventory values are determined using the first in, first out (FIFO) method. Production and sales data for the first three years appear below. $$\begin{array} { | c | c | c | } \hline \text { Hacksaw blades } & \text { Sold } & \text { Produced } \\\hline Y r 1 & 18,000 & 22,000 \\\hline Y r 2~ & 25,000 & 23,000 \\\hline Y r ~ 3 & 37,000 & 35,000 \\\hline\end{array}$$ $$\begin{array} { | c | c | c | } \hline & \text { Sales price } & \text { Full cost } \\\hline \operatorname { Yr } 1 & \$ 10.00 & \$ 6.00 \\\hline \operatorname { Yr } 2 & \$ 11.00 & \$ 6.60 \\\hline \operatorname { Yr } 3 & \$ 12.00 & \$ 7.60 \\\hline\end{array}$$ In the first year, variable costs accounted for half of the full costs. Total fixed production costs increased each subsequent year by 20%, as a result of step-fixed costs and a general inflationary price increase. For Chamiching, if absorption costing is used, which of the following is true?

• A)Yr 1's ending inventory is $12,000
• B)Yr 2's gross profit is $112,400
• C)Yr 3's cost of goods sold is $123,200
• D)Yr 3's goods available for sale is $266,000
• E)None of the above

Identify the impact of gender socialization on psychological distress and mental health.

Comprehend the significance of feminist therapy aims such as empowerment, consciousness-raising, and the promotion of social change.

Understand the challenges and effects of internalized oppression and relational-cultural theory concepts.

Identify the prevalence and impact of gender-based violence and sexual abuse on women.

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Definitions:

Ladder

A diagrammatic method used in electrical engineering to represent control logic sequences in industrial applications.

Print Diagrams

Visual representations or schematics printed on paper showcasing the structure or layout of an electrical system or another engineering system.

Rated Horsepower

A measure of a motor's output power capability under standardized conditions, as specified by the manufacturer.

Continuous Basis

A term describing operations or conditions that are maintained constantly without interruption over a long period.