Steele Ltd $\text { Froduction costs per unit (based on } 10,000 \text { units) are as follows: }$

question 11

Multiple Choice

Steele Ltd. has the following information for January, February, and March 2011: $\begin{array}{lccc} & \text { January } & \text { February } & \text { March } \\\text { Units produced } & 10,000 & 10,000 & 10,000 \\\text { Units sold } & 7,000 & 8,500 & 10,500\end{array}$

$\text { Froduction costs per unit (based on } 10,000 \text { units) are as follows: }$

$\begin{array}{lr}\text { Direct materials } & £ 12 \\\text { Direct labour } & 8 \\\text { Variable factory overhead } & 6 \\\text { Fixed factory overhead } & 4 \\\text { Variable selling and admin. expenses } & 10 \\\text { Fixed selling and admin. expenses } & 4\end{array}$ There were no beginning inventories for January 2011, and all units were sold for £50. Costs are stable over the three months. What is the February ending inventory for Steele Ltd. using the absorption costing method?

• A)£39,000
• B)£45,000
• C)£135,000
• D)£300,000

Recognize effective strategies for reducing speech anxiety and improving presentation delivery.

Identify the steps in organizing thoughts and structuring both speeches and written content effectively.

Understand the significance of using appropriate language, tone, and visuals in presentations.

Grasp the essentials of academic writing, including citing sources and avoiding plagiarism.

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Definitions:

Stocks

Shares of ownership in companies, traded on stock markets, that represent a claim on the company's assets and earnings.

Invest

To allocate resources, typically money, in the expectation of generating an income or profit.

Variance

A statistical measure that represents the dispersion of a dataset relative to its mean, indicating how spread out the data points are.

Coefficient Of Correlation

A numerical measure that quantifies the strength of the correlation between the relative variations of two variables.