Craft Company Produces a Single Product

question 41

Multiple Choice

Craft Company produces a single product.Last year,the company had a net operating income of $80,000 using absorption costing and $74,500 using variable costing.The fixed manufacturing overhead cost was $5 per unit.There were no beginning inventories.If 21,500 units were produced last year,then sales last year were:

• A)16,000 units
• B)20,400 units
• C)22,600 units
• D)27,000 units

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Definitions:

Effective Adaptation

The process by which individuals adjust their behaviors, thoughts, or emotions to manage changes or challenges in their environment.

Suicide

The deliberate act of causing one's own demise.

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The ability of an organism or individual to adjust or change in response to environmental changes or challenges in a way that promotes survival or well-being.