A Company Determined That the Budgeted Cost of Producing a Product

question 80

Multiple Choice

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 40,000 units on hand, the sales department budgeted sales of 150,000 units in June, and the company desires to have 60,000 units on hand on June 30. The budgeted cost of goods manufactured for June would be

• A) $3,900,000.
• B) $5,700,000.
• C) $4,500,000.
• D) $5,100,000.

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Definitions:

Task Over People

A management approach prioritizing task completion and organizational goals over individual employee needs or concerns.

Command-and-control

A hierarchical method of management and decision-making where orders are issued from the top down, and control is maintained through a rigid organizational structure.

Fiedler's Contingency Model

A leadership theory proposing that effective leadership is dependent on the match between a leader's style and the degree to which the situation gives control to the leader.

Least-preferred Co-worker Scale

The Least-preferred Co-worker Scale is a psychological tool used to measure an individual’s leadership style based on their attitudes toward the least preferred co-worker.