Selected Information Regarding a Company's Most Recent Quarter Follows (All

question 14

Multiple Choice

Selected information regarding a company's most recent quarter follows (all data in thousands) . What was manufacturing overhead for the quarter?

• A)$230
• B)$450
• C)$570
• D)$580

---

Definitions:

Calendar Year End

The end of an accounting period that concludes on December 31st.

Forward Contract

A financial derivative contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Canadian Dollars

The currency of Canada, represented by the symbol CAD or C$.

Foreign Exchange Risk

The possibility of losing value due to changes in currency exchange rates.