Whaler Utilizes Automated Machines to Sew Sails for Its Whaling

question 35

Multiple Choice

Whaler utilizes automated machines to sew sails for its whaling ships.The manufacturing records indicate the Model Z7B sail uses $4,500 of fabric,requires 2 direct labor hours to finish and tie off threads and 5 hours of machine sewing time.The direct labor rate averages $12.50 per hour.Manufacturing overhead is added to the product cost of a sail based on a rate of $40 per machine hour.The company applies a 32% markup on cost.What is the sales price of a Model Z7B sail?

• A) $6,237.
• B) $4,725.
• C) $6,026.
• D) $6,009.

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Definitions:

Meaningful Use

A set of criteria outlining how to use electronic health records effectively to improve patient care and meet specific objectives.

Medicare

In the United States, a national health insurance scheme designed for individuals who are 65 years of age or older, as well as certain younger people who have disabilities.

Medicaid

Medicaid is a government-funded program in the United States providing health insurance to low-income individuals and families.

Electronic Medical Records

Digital versions of patients' paper charts, which contain medical and treatment histories of patients.