Solve the Problem -A Ceramics Workshop Makes Wreaths, Trees, and Sleighs for Sale

question 123

Multiple Choice

Solve the problem
-A ceramics workshop makes wreaths, trees, and sleighs for sale at Christmas. A wreath takes 3 hours to prepare, 2 hours to paint, and 9 hours to fire. A tree takes 16 hours to prepare, 3 hours to paint, and 4 hours to Fire. A sleigh takes 4 hours to prepare, 17 hours to paint, and 7 hours to fire. If the workshop has 135 hours for Prep time, 87 hours for painting, and 126 hours for firing, How many of each can be made?

• A)9 wreaths, 6 trees, 3 sleighs
• B)6 wreaths, 3 trees, 9 sleighs
• C)10 wreaths, 7 trees, 4 sleighs
• D)3 wreaths, 9 trees, 6 sleighs

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Definitions:

Consolidation Purposes

The process of combining the financial statements of a parent company and its subsidiaries into one comprehensive financial statement package, to present as if the group were a single entity.

Excess Amortizations

The amount by which amortization expense exceeds the amount necessary to amortize the cost of a tangible or intangible asset over its useful life.

Intra-Entity Asset Transfers

Transactions involving the transfer of assets or services between divisions or subsidiaries within the same entity, which may need to be adjusted for in consolidated financial reporting.

Depreciation Purposes

The allocation of the cost of an asset over its useful life for accounting and tax purposes.