Dancause Corporation Manufactures and Sells a Single Product

question 355

Multiple Choice

Dancause Corporation manufactures and sells a single product.The company uses units as the measure of activity in its budgets and performance reports.During October,the company budgeted for 5,100 units,but its actual level of activity was 5,090 units.The company has provided the following data concerning the formulas to be used in its budgeting: The net operating income in the flexible budget for October would be closest to:

• A)$33,869
• B)$25,240
• C)$34,003
• D)$25,056

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Definitions:

Stocks

Shares of ownership in a corporation, representing a claim on part of the company's assets and earnings.

Composed

Made up or formed by combining or putting together various parts or elements.

Expected Number

Expected number refers to the predicted value or mean of a random variable in probability and statistics, representing the average outcome of a large number of trials.

Heads

In the context of a coin toss, it represents one of the two possible outcomes, often used to describe a 50/50 chance event.