Last Year, Walters Corporation's Variable Costing Net Operating Income Was

question 192

Multiple Choice

Last year, Walters Corporation's variable costing net operating income was $60,800 and its inventory decreased by 200 units. Fixed manufacturing overhead cost was $3 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?

• A)$60,800
• B)$60,200
• C)$600
• D)$61,400

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Definitions:

Acculturation

The process whereby individuals adapt their behavior in response to exposure to a new culture.

Cultural Diffusion

The transmission of societal customs and cultural ideologies among different groups.

Social Influence

The process by which individuals change their thoughts, feelings, or behaviors as a result of interaction with others.

Basic Emotions

A group of emotions that are considered to be universal and innate across human cultures, including happiness, sadness, anger, fear, surprise, and disgust.