Zariz Ltd Budgeted Product Costs for the Third Quarter of 2019

question 65

Multiple Choice

Zariz Ltd budgeted product costs for the third quarter of 2019 were based on an expected volume of 2,000 units. The budgeted unit costs appear below: $\begin{array}{lr}\text { Direct material } & \$ 1.50 \\\text { Direct labor } & 2.25 \\\text { Variable overhead } & 4.25 \\\text { Fixed overhead } & \underline{3.00} \\\quad \text { Total } & \underline{\$ 11.00} \\\end{array}$

If Zariz Ltd had a budgeted volume of 2,500 units, the total budgeted product cost for the third quarter of 2019 would have been

• A) $26,000
• B) $16,000
• C) $20,500
• D) None of the above

Identifying and understanding the components of critical thinking.

Recognizing the role of active engagement in retaining information.

Appreciating the importance of evidence-based methods in learning and critical thinking.

Understanding the implications of empirical research on common beliefs.

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Definitions:

Belize

is a country on the eastern coast of Central America, known for its diverse ecosystems, barrier reef, and Mayan historical sites.

Honduras

A country in Central America known for its rich natural resources, including rainforests, reefs, and Mayan ruins.

Cosmopolitan Character

The quality of being worldly and open to a variety of cultures, ideas, and experiences.

Teotihuacán

An ancient Mesoamerican city located in the Basin of Mexico, known for its pyramids and complex urban layout, significant in pre-Columbian history.