Assume That the Company Uses a Variable Costing System That

question 3

Multiple Choice

Assume that the company uses a variable costing system that assigns $19 of direct labor cost to each unit that is produced. The net operating income under this costing system is:

• A)$532,000
• B)$399,000
• C)$(210,000)
• D)$882,000

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Definitions:

Initiative

A process that allows citizens to propose and vote on legislation directly, bypassing the legislative body.

Boss System

A political system dominated by a single leader or group of leaders (bosses) who have enough power to control political appointments, the distribution of favors, and the outcome of elections.

Civil Rights

The rights of individuals to receive equal treatment (and to be free from unfair treatment or discrimination) in a number of settings – including education, employment, housing, and more – based on certain legally-protected characteristics.

Society of American Indians

A progressive organization founded in the early 20th century, aiming to promote the rights and welfare of Native Americans.