Multiple Choice
Use the following information to answer the following Questions
Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $220,000. The company sells its units for $45 each. Additional data follow.
-The income (loss) under absorption costing is:
A) $(7,500) .
B) $9,000.
C) $15,000.
D) $18,000.
E) None of the answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q41: Which of the following is not a
Q42: Which of the following statements pertain to
Q43: Consider the following statements about absorption- and
Q44: Which of the following conditions would cause
Q45: Take Two manufactures electrical switches for a
Q47: On a variable-costing income state?ment, the cost
Q48: On a variable-costing income state?ment, fixed overhead
Q49: All of the following are inventoried under
Q50: Consider the following comments about absorption- and
Q51: Which of the following situations would cause