Figure 2-4

question 5

Multiple Choice

Figure 2-4. Junko Company makes financial calculators.During the year Junko manufactured 97,000 financial calculators.Finished goods inventory had the following units on hand:
Refer to Figure 2-4.If each financial calculator had a per-unit product cost of $112,what was the cost of Finished goods inventory on December 31?

• A)$116,480
• B)$141,120
• C)$24,640
• D)none of these are correct

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Definitions:

Fixed Costs

Business expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance.

Variance

A statistical measure that quantifies the dispersion of a set of data points or distribution around its mean, indicating how spread out the values are.

Retries

Attempts to perform an action again after a failure or error in the initial attempt.

COV

Coefficient of Variation, a statistical measure of the relative dispersion or variability in data, expressed as a percentage of the mean.