Harris Company Produces a Single Product

question 4

Multiple Choice

Harris Company produces a single product. Last year, Harris manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows: Sales were $780,000 for the year, variable selling and administrative expenses were $88,400, and fixed selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.
-Under absorption costing, the carrying value on the balance sheet of the ending inventory for the year would be:

• A) $190,800
• B) $170,000
• C) $230,800
• D) $0

---

Definitions:

Stress Hormones

Chemicals released in the body in response to stress, including cortisol and adrenaline, which prepare the body to face a challenge.

Self-Directed Practices

Activities or learning methods where individuals take the initiative, with or without the help of others, to diagnose their learning needs, formulate learning goals, identify resources for learning, choose and implement learning strategies, and evaluate learning outcomes.

Sleep Disorder

A medical disorder of the sleep patterns of a person or animal, which can significantly impact health and quality of life.

Allostatic Load

The cumulative burden of chronic stress and life events on the body's systems, which can affect overall health.