Condit Corporation Manufactures a Variety of Products

question 34

Multiple Choice

Condit Corporation manufactures a variety of products. Variable costing net operating income was $75,600 last year and was $80,100 this year. Last year, inventory decreased by 3,400 units. This year, inventory increased by 3,000 units. Fixed manufacturing overhead cost is $5 per unit.
-What was the absorption costing net operating income last year?

• A)$77,600
• B)$75,600
• C)$92,600
• D)$58,600

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Definitions:

Schizophrenia

A chronic psychological condition characterized by a disruption in the connection among cognition, affect, and conduct, resulting in incorrect perceptions, improper behaviors and emotions, retreat from actuality and social connections into make-believe and false beliefs, along with a feeling of psychological disintegration.

Flat Affect

A lack of emotional responsiveness.

Blunted Affect

A reduction in the expression of emotions, commonly seen in various psychiatric conditions.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.