Apparent Corp Manufacturing Costs $4,000 $6,000 $5,500
Based on Managerial Judgment, the and Inventories

question 150

Multiple Choice

Apparent Corp. has developed the following information on product costs and inventories for a three-month period: $\begin{array}{llll}&\text { April } & \text { May } & \text { June }\\\text { Finished goods inventory, units: }\\\text { Beginning } & 20 & 25 & 30 \\\text { Manufactured } & \underline{25} & \underline{40} & \underline{35} \\\text { Available } & 45 & 65 & 65 \\\text { Sold } & 25 & 40 & 50 \\\text { Ending } & \underline{20} & \underline{25} & \underline{15}\end{array}$ Manufacturing costs $4,000 $6,000 $5,500
Based on managerial judgment, the best predictor of manufacturing costs is

• A)beginning inventory.
• B)units manufactured.
• C)ending inventory.
• D)units available.

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Definitions:

Technological Innovation

The development and application of new technologies and ideas to improve goods, services, or processes, enhancing efficiency or value.

Output

Total quantity of a product or service produced within a given timeframe, reflecting the overall production capacity.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services.

Pure Competition

A market setup where numerous small companies manufacture the same products without any one of them having the power to affect the market pricing.