Figure 25-4
the Following Information Is Available for Wilson Trailer

question 16

Multiple Choice

Figure 25-4
The following information is available for Wilson Trailer Company, which sells two products: $$\begin{array} { l c c } & \text { Trailer A } & \text { Trailer B } \\\text { Processing time } & 2 \text { hours } & 4 \text { hours } \\\text { Vinyl cover used } & 16 \text { sq. ft. } & 12 \text { sq. ft. } \\\text { Selling price } & £ 50.00 & £ 80.00 \\\text { Variable cost } & £ 35.00 & £ 50.00 \\\text { Fixed cost } & £ 10.00 & £ 20.00\end{array}$$ There are 100 hours available in the plant and 75 square metres of vinyl available per operating period.
-Refer to Figure 25-4. The constraint equation representing the materials available for the production processes is

• A)2A + 4B \(\ge\) 100.
• B)16A + 12B = 75.
• C)2A + 4B = 200.
• D)16A + 12B\(\le\) 75.

Comprehend the International Accounting Standard 2 (IAS 2) and its implications for inventory cost flow assumptions.

Calculate inventory valuation under dollar-value LIFO method.

Calculate the effect of inventory valuation methods on financial statements.

Understand the concept of realized holding gains and their calculation.

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Definitions:

Restrained Eaters

Individuals who consciously restrict their food intake in an effort to control their weight.

Food Related Behaviour

Actions or habits associated with the consumption, choice, and preference of food, influenced by a variety of factors including cultural, psychological, and environmental.

Set-Point Theory

The idea that the body regulates its weight and energy levels around a specific baseline, known as the set-point.

Metabolism

The set of life-sustaining chemical reactions in organisms, converting food to energy for cellular processes and waste products.