Please kindly answer all questions

the operating incomes from absorption costing and variable costing are the same when

A. Units produced = Units sold

B. Units produced < Units sold

C. Units produced > Units sold

D. None of the above

Shocking Electronics uses a standard part to make different types of radios. The total cost to make 25,000 of this part is $95,000, which includes $40,000 of fixed costs and $55,000 of variable costs. If the firm buys the parts from an outside supplier for $3 per unit, it could avoid 20% of the fixed costs, and use the extra factory space to make another product that would

earn an additional $15,000 of profit. If Shocking Electronics outsources the parts, what is the effect on the firm's operating income?

A) $3,000 increase in operating income

B) $12,000 decrease in operating income

C) $8,000 decrease in operating income

D) $5,000 increase in operating income

Savannah Co. sells glass vases for $5/unit. The variable manufacture cost is $2.50/unit. The fixed costs are $6,200 per month. Savannah sold 5,700 units in May. Calculate Savannah's operating income (loss) for May

A) ($6,200)

B) ($8,050)

C) $8.050

D) $22,300

Which of these statement is TRUE for a standard cost system?

A) Standard cost systems help managers ensure the accuracy of financial records.

B) Firms can use time-motion studies and industry benchmarks to set standards.

C) The Production Department sets all standards and does not need input from other

departments.

D) The standards used are the actual costs incurred to produce a product.