Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit$50 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$72,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$70,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year9,0008,000Units sold during the year6,0009,000Units in ending inventory3,0002,000The net operating income (loss) under variable costing in Year 1 is closest to:
A. $174,000
B. $2,000
C. $26,000
D. $144,000
Answer: B
You might also like to view...
Which of the following is a possible indicator of concealment in a bankruptcy or divorce fraud?
a. Increases in operating losses that are not explained by economic factors b. The size of orders placed on credit and the credit balances with suppliers suddenly and dramatically decrease c. A sudden change in management is made without public notice d. The company sells goods at large discounts
________ is described as the science or philosophy of the law
A) Morality B) Ethics C) Justice D) Jurisprudence
Daphne is applying for a job as an interior designer and would like to supplement her standard résumé with illustrations of projects she has completed; she should prepare a professional portfolio
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. In Lewin’s force field model of change, the third step is refreshing 2. An espoused theory is one to which we give conscious allegiance. 3. Learning new goals is called double-loop learning. 4. The core capacity to create large systems change comes from within and is captured in term called “presence.” 5. Mechanistic structures emphasize horizontal rather than vertical relationships.