Nikoto Steel Co Nikoto Produced 40,000 Tons of Steel During March

question 37

Multiple Choice

Nikoto Steel Co.budgeted manufacturing costs for 50,000 tons of steel are: $\begin{array}{ll}\text {Fixed manufacturing costs }&\text {\( \$ 50,000 \) per month }\\\text { Variable manufacturing costs}&\text { \( \$ 12.00 \) per ton of steel}\\\end{array}$
Nikoto produced 40,000 tons of steel during March.How much is the flexible budget for total manufacturing costs for March?

• A)$520,000
• B)$650,000
• C)$480,000
• D)$530,000

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Definitions:

Humanist Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual.

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A characteristic of an idea or concept that seems correct or attractive based on intuition or an immediate understanding, without the need for deep analysis.

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The process of strictly defining variables into measurable factors to clarify how they will be observed and measured in a study.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.