Caspion Corporation Makes and Sells a Product Called a Miniwarp

question 248

Multiple Choice

Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 12,600 kilograms of Jurislon were on hand. The cost of Jurislon is $25 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.The total cost of Jurislon to be purchased in August is:

• A) $2,757,500
• B) $1,498,750
• C) $1,813,750
• D) $1,525,000

---

Definitions:

Social Facts

Concepts in sociology introduced by Émile Durkheim referring to societal norms, values, and structures that exist outside the individual but exert a coercive influence on behavior.

Durkheim

French sociologist Emile Durkheim, known for his foundational contributions to the field of sociology and the study of social structures and integration.

Symbolic Interactionists

Sociologists who study how people use symbols to create meaning, develop their sense of self, and communicate with others in their social world.

Group Interactions

The ways in which individuals communicate and behave within small or large groups, impacting the dynamics and outcomes of social activities.