A Company Has the Following Information for the Current Month

question 147

Multiple Choice

A company has the following information for the current month of operations: $\begin{array}{ll}\text { Raw materials used } & \$ 37,500 \\\text { Sales }(\$ 97.50 \text { per unit) } & \$ 117,000 \\\text { Direct labor } & \$ 63,000 \\\text { Variable factory overhead } & \$ 25,500\\\text { Fixed factory overhead } & \text { unknown } \\\text { Variable } s \text { elling and administrative } & \$ 4,500 \\\text { Fixed selling and adminis trative } & \$ 7,500 \\\text { Gross profit } & \$ 45,000 \\\text { Contribution margin } & \text { unknown }\\\end{array}$

$\begin{array}{lll}\text { Inventories: } & \text { Beginning } & \text { Ending } \\\text { Raw materials } & 0 & \$ 10500 \\\text { WIP } & 0 & \text { none } \\\text { Finished goods } & 0 & 1,200 \text { units }\end{array}$ were sold during the period.

• A) 2,400 units
• B) 3.600 units
• C) 1,200 units
• D) 0 units

Examine the factors that facilitate or hinder minority influence on group decision-making.

Understand the concepts and implications of public vs. private sector performance in health and safety compliance.

Recognize the arguments for and against deregulation and its impact on various industries.

Identify and describe mechanisms of public sector economics such as earmarks, logrolling, and regulatory capture.

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Definitions:

Global Climate

The average weather patterns that are observed over long periods, across the entire planet, encompassing a complex system influenced by solar radiation, the atmosphere, oceans, and landmasses.

Ice Ages

Periods of long-term reduction in the temperature of Earth's surface and atmosphere, resulting in the expansion of continental and polar ice sheets.

Continents

Large landmasses on Earth's surface, conventionally counted as seven: Africa, Antarctica, Asia, Australia, Europe, North America, and South America.

Oceans

Oceans are large bodies of salt water that cover approximately 71% of the Earth's surface, divided into five major basins: the Pacific, Atlantic, Indian, Southern, and Arctic Oceans.