Michard Corporation Makes One Product and It Provided the Following

question 76

Multiple Choice

Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit.
B. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month.
C.The ending finished goods inventory equals 20% of the following month's sales.
D. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound.
E. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month.
F. The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours.
G. The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000.
The estimated direct labor cost for May is closest to:

• A) $558,000
• B) $33,480
• C) $837,000
• D) $279,000

Recognize density-independent and density-dependent factors affecting populations.

Describe patterns and consequences of competition within and between species.

Analyze population dynamics and the factors leading to population changes.

Explain the concept of metapopulations and their significance in ecology.

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Definitions:

Infant

A very young child or baby, typically from birth to one year old, characterized by rapid developmental changes.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Conception

The moment when a sperm fertilizes an egg, marking the beginning of pregnancy.

Acquisition

The process of learning or developing a skill, habit, or quality.