Andy Taylor Corporation Has Gathered the Following Information There Were No Beginning or Ending Inventories

question 29

Multiple Choice

Andy Taylor Corporation has gathered the following information: $$\begin{array} { l l } \text { Sales } & \$ 38,400 \\\text { Direct materials used } & 7,340 \\\text { Direct labor } & 3,040 \\\text { Fixed: } & \\\text { Factory overhead } & 2,480 \\\text { Selling expenses } & 840 \\\text { Administrative expenses } & 1,720 \\& \\\text { Variable: } & \\\text { Factory overhead } & 12,470 \\\text { Selling expenses } & 1,580 \\\text { Administrative expenses } & 1,230\end{array}$$ There were no beginning or ending inventories. The total period costs are:

• A) $12,000
• B) $5,370
• C) $8,200
• D) $6,840

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Definitions:

Telecommunications Equipment

Hardware used in the transmission, reception, and processing of data and communication signals.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future return or profit.

Internal Rate

Often referred to as the internal rate of return (IRR), it is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Automated Molding

A manufacturing process using machines to produce molds for creating parts or products, often utilized for its precision and efficiency.