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

Distinguish between different types of organizational goals (mission, societal, output, system goals) and their impact on the organization's direction.

Know the mechanisms through which management can shape and influence organizational culture.

Identify the role of process innovations and their impact on work methods and operations.

Recognize the significance of cultural artifacts in transmitting organizational culture.

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Definitions:

Special Locations

Special locations are specific areas or points of interest within a larger environment, often designated for a particular purpose or characteristic.

Memory

That part of the programmable logic controller in which data and instructions are stored either temporarily or semi-permanently. The control program is stored in memory.

MOV Instruction

A command in programming that copies data from one location to another.

Word

A grouping or a number of bits in a sequence treated as a unit.