Classix Products Reported $28 000 in Net Profit for the Year

question 28

Multiple Choice

Classix Products reported $28 000 in net profit for the year using variable costing. The company had no units in beginning inventory, planned and actual production was 30 000 units, and sales were 25 000 units during the year. Variable manufacturing costs were $15 per unit and total budgeted fixed manufacturing overhead was $150 000. There was no underapplied or overapplied overhead reported during the year. Determine the net profit under absorption costing.

• A) $28 000
• B) $30 000
• C) $53 000
• D) $58 000

Understand the difference between a cashier's check and a certified check.

Understand the reasons why a bank might refuse to certify a check.

Understand the circumstances under which a bank might refuse to honor a cashier's check.

Understand and apply basic mathematical operations and concepts to calculate discounts and promotions.

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A psychological condition involving an irresistible urge to pull out one's hair, leading to noticeable hair loss.

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A fungal infection of the scalp, commonly known as ringworm, that can cause hair loss and scalp scaly patches.

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An inflammation of the hair follicles, often resulting in red, swollen, and sometimes painful bumps on the skin.

Maculopapular

Describing a skin rash that features both macules (flat lesions) and papules (raised lesions), often seen in various diseases.