Mike's Bait Shop Sells Three Types of Lures: Discount, Normal $3 \times 3$

question 121

Multiple Choice

Mike's Bait Shop sells three types of lures: discount, normal, and professional. Location I sells 29 discount lures, 100 regular lures, and 30 professional lures each day. Location II sells 24 discount lures and Location III sells 60 discount lures each day. Daily sales of regular lures are 90 at Location II and 120 at Location III. At Location II, 12 expert lures are sold each day, and 40 expert lures are sold each day at Location III. Write a $3 \times 3$ matrix that shows the sales figures for the three locations, with the rows representing the three locations.

• A)
• \(\left[ \begin{array} { r r r } 29 & 100 & 12 \\ 24 & 90 & 30 \\ 60 & 120 & 40 \end{array} \right]\)
• B)
• \(\left[ \begin{array} { r r r } 29 & 100 & 30 \\ 12 & 24 & 90 \\ 60 & 120 & 40 \end{array} \right]\)
• C)
• \(\left[ \begin{array} { r r r } 100 & 29 & 30 \\ 24 & 90 & 12 \\ 60 & 120 & 40 \end{array} \right]\)
• D)
• \(\left[ \begin{array} { r r r } 29 & 100 & 30 \\ 24 & 90 & 12 \\ 60 & 120 & 40 \end{array} \right]\)

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Definitions:

Direct Labor Costs

The wages paid to employees who are directly involved in the production of goods or services, such as assembly line workers or craftsmen.

Standard Costs

Predetermined or estimated costs to perform an operation or produce a good, used as benchmarks against actual costs.

Direct Labor

Direct labor relates to the work of employees who are directly involved in the production of goods or services.

Fixed Manufacturing Overhead

Indirect production costs that remain constant regardless of the level of production, such as rent, property taxes, and insurance.