Use the Information Below to Answer the Following Questions

question 52

Multiple Choice

Use the information below to answer the following questions.
Fingers Ltd, a graphic design service, has received an inquiry from a potential customer for a quotation for a web-page design. The pricing policy of the business is based on the budgeted financial data for the coming financial year. The data for the coming year are shown below: Other relevant information:
Management has budgeted for 20,000 direct labour hours. Overhead is applied based on direct labour hours. An estimate for the direct costs of the job to be quoted on is shown below:
Direct materials $400
Direct labour (100 hours) $1,500
-Refer to the table above. The recommended quote for the job is:

• A) $2,285
• B) $2,485
• C) $2,460
• D) $2,195

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Definitions:

Arthur Jensen

An American psychologist known for his work in psychometrics and intelligence testing, particularly in the study of racial differences in intelligence.

Ethnic Differences

Variations in behavior, customs, norms, and practices among different ethnic groups, often influenced by cultural, geographical, and historical contexts.

IQ

A measure of a person's intelligence as indicated by an intelligence test, expressed as a number relative to a statistical norm.

Genetic Factors

The hereditary components that contribute to the development of traits, behaviors, and diseases in an organism.