A Company Has the Following Information for Its First Month

question 8

Multiple Choice

A company has the following information for its first month of operations: $$\begin{array} { l r } \text { Raw materials used } & \$ 25,000 \\\text { Sales } \$ 65 \text { per unit) } & \$ 78,000 \\\text { Direct labor } & \$ 42,000 \\\text { Variable factory overhead } & \$ 17,000 \\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable selling and administrative } & \$ 3,000 \\\text { Fixed selling and administrative } & \$ 5,000 \\\text { Gross profit } & \$ 30,000 \\\text { Contribution margin } & \text { unknown } \\\\\text { Ending inventories: }\\\\\text { Raw materials } & \$ 7,000 \\\text { WIP } & \text { none } \\\text { Finished goods } & 1,200 \text { units }\end{array}$$ _____ is the inventory cost per unit using variable costing.

• A)$65.00
• B)$35.00
• C)$37.92
• D)$36.25

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Definitions:

Training Needs

The specific areas or skills where employees require development to perform their job roles effectively.

Training And Development Efforts

Organizational activities aimed at improving the skills, knowledge, and effectiveness of its workforce.

Short-term Effects

Immediate outcomes or consequences of an action, event, or decision, typically manifesting within a brief period.

Organizational Needs Analysis

A systematic approach to identifying and addressing gaps between current organizational capabilities and desired outcomes.