Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit$84Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$5Variable manufacturing overhead$4Fixed manufacturing overhead per year$432,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$61,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced during the year12,000 9,000Units sold during the year9,000 10,000Units in ending inventory3,000 2,000The net operating income (loss) under absorption costing in Year 1 is closest to:
A. $243,000
B. $29,000
C. $137,000
D. $198,000
Answer: C
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Answer the following statement true (T) or false (F)
The marketing concept was introduced ________.
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He removed the ____ change from his pocket before walking through airport security
A) loose B) lose