Use the Data Given Below to Answer the Following Questions)

question 4

Multiple Choice

Use the data given below to answer the following questions) .
Below is a spreadsheet of purchase orders for a computer hardware retailer. $\begin{array}{|l|l|l|l|l|l|l|l|l|}\hline& \text { A } & \text { B } & C & \mathrm{D}&E&F&G&H \\\hline &\text { Purchase } & & & \\1& \text { Orders } & & & \\\hline 2\\\hline 3 & \text { Supplier } & \begin{array}{l}\text { item }\\\text { Description }\\\end{array} & \begin{array}{l}\text { Item } \\\text { Cost }\end{array} & \text { Quantity } & \begin{array}{l}\text { Cost per } \\\text { Order }\end{array} & \begin{array}{l}\text { AP Terms } \\\text { Months) }\end{array} & \begin{array}{l}\text { Order } \\\text { No. }\end{array} & \begin{array}{l}\text { Order } \\\text { Size }\end{array} \\\hline & \text { Rex } & \text { Graphics } & & & & & \\4&\text { Technologies } & \text { Card } & \$ 89 & 35 & \text { \$3115 } & 20 & \text { AL123 } & \text { Large } \\\hline5 & \begin{array}{l}\text { Rex } \\\text { Technologies }\end{array}& \text { Monitor } & \$ 150 & 15 & \$ 2250 & 25 & \text { AL234 } & \text { Small } \\\hline6 & \begin{array}{l}\text { Rex } \\\text { Technologies }\end{array}&\text { Keyboard } & \$ 15 & 40 & \$ 600 & 15 & \text { AL345 } & \text { Large } \\\hline7 & \begin{array}{l}\text { Rex } \\\text { Technologies }\end{array}&\text { Speakers } & \$ 15 & 20 & \$ 300 & 25 & \text { AL456 } & \text { Small } \\\hline8 & \begin{array}{l}\text { Max's } \\\text { wavetech }\end{array}&\text { HD Cables } & \$ 5 & 10 & \$ 50 & 25 & \text { KO876 } & \text { Small } \\\hline9 & \begin{array}{l}\text { Max's } \\\text { wavetech }\end{array}&\text { Processor } & \$ 278 & 27 & \$ 6950 & 30 & \text { KO765 } & \text { Large }\\\hline10 & \begin{array}{l}\text { Max's } \\\text { wavetech }\end{array}&\text { Hard disk } & \$ 120 & 18 & \$ 2160 & 20 & \text { KO654 } & \text { Small }\\\hline 11\\\hline12&\text { Supplier }&\text { Order Size }&\begin{array}{l}\text { item } \\\text { cost }\end{array} \\\hline13 &\text { Rex Technologies}&\text { Large } &>15\\\hline 14&\text { Max's Wavetech }\\\hline\end{array}$
-If purchase quantities of 25 units or higher are found to be large orders, and orders less than 25 are considered to be small, what IF function should be entered in H4 to be copied to H5:H10 to calculate each order's size?

• A) =IFD4=AND=OR=25,"Large","Small")
• B) =IFD4<>25,"Small")=ANDD4=25,"Large")
• C) =IFD4=25,"Large")=OR"Small")
• D) =IFD4>=25,"Large","Small")

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Definitions:

Total Manufacturing Costs

The sum of all costs directly involved in the production of a product, including direct labor, materials, and manufacturing overhead.

Work in Process Inventory

Items that are in the production process but have not yet been completed or turned into finished goods.

Actual Overhead

The real, incurred costs of running a business, excluding direct labor and direct materials, over a given period.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products, calculated before the period begins based on an estimate of total costs and activity levels.