Silver Crafts,Inc If the Company Sold 7900 Units of Bracelets During the Operating

question 80

Multiple Choice

Silver Crafts,Inc.purchases and sells bracelets.The following information summarizes the company's operating activities for the year: $\begin{array} { | l | r | } \hline \text { Selling and Administrative Expenses } & \$ 5300 \\\hline \text { Purchases } & 157,000 \\\hline \text { Sales Revenue } & 785,000 \\\hline \text { Merchandise Inventory, January 1 } & 2350 \\\hline \text { Merchandise Inventory, December 31 } & 38,350 \\\hline\end{array}$ If the company sold 7900 units of bracelets during the year,how much is the cost for one bracelet? (Round your answer to the nearest cent.)

• A) $19.87
• B) $15.32
• C) $20.17
• D) $5.15

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Definitions:

Direct Labor Cost

The total cost of workforce directly involved in the production of goods or services, excluding indirect labor.