24) 24) From the graph given below, identify the sales revenue line 0 D) OB C) AD B) AE A) AC 25) A cellphone service provider charges 15.00 per month and $0.10 per minute per call. If a customer's 25) current bill is 150.00, how many calling minutes did the customer use? C) 500 minutes D) 450 minutes B) 400 minutes A) 550 minutes 26) 26) venlite Inc. produces and sells cosmetic products. Currently, the company is operating at 70% of its capacity. The selling price of its product is $30 per unit and it incurs a full cost of $25 to produce each unit. Its yearly fixed manufacturing overhead amounts to $20,000. The company has received a one-time order for supplying 5,000 units at $26 per unit. This order can be executed within the excess production capacity and will not involve any additional costs. To make this decision, the management of Venlite should use- A) absorption costing as the decision is long-term in nature B) variable costing as the decision is long-term in nature C) variable costing as the decision is short-term in nature D) absorption costing as the decision is short-term in nature 27) 27) In absorption costing, fixed manufacturing overhead is expensed A) when the units are produced B) at the end of the period in which it is paid C) when all the other non-manufacturing fixed costs are expensed D) when the product is sold 28) 28) Dentofax Inc. reports the following information for August: 800,000 200,000 100,000 150,000 75,000 Sale revenue Variable cost of goods sold Fixed cost of goods sold Variable selling and administrative costs Fixed selling nd administrative cos Calculate the operating income for August using absorption costing. D) $275,000 C) 8350,000 B) 525,000 A) 3425,000