Bonkowski Corporation Makes One Product and Has Provided the Following

question 201

Multiple Choice

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected:
30% in the month of the sale
70% in the following month
Raw materials purchases are paid:
30% in the month of purchase
70% in the following month
The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.
The estimated cost of goods sold for February is closest to:

• A) $846,000
• B) $270,000
• C) $738,000
• D) $1,008,000

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Definitions:

Communication Barriers

Obstacles or difficulties in the process of exchanging information that prevent clear and effective communication.

Cross-Cultural Training

Education or training designed to help individuals understand and adapt to cultural differences, enhancing their effectiveness in international environments.

Non-Hierarchical

A structure or organization in which power and authority are distributed evenly among members, without a clear chain of command.

Defensive Labeling

A strategy employed by companies to preemptively address potential criticisms about their products or services through cautious or mitigative language.