Johnson Marine Has the Following Costs and Expected Sales for the Coming

question 73

Multiple Choice

Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different methods to determine the price of its product. $\begin{array}{lr}&\text { Total Costs }\\\text { Variable Manufacturing } & \$ 2,350,000 \\\text { Variable Selling and Administrative } & 750,000 \\\text { Plant-level Fixed Overhead } & 1,200,000 \\\text { Fixed Selling and Administrative } & 600,000 \\\text { Batch-level Fixed Overhead } & 200,000 \\\text { Total Investment in Product Line } & 10,000,000 \\\text { Expected Sales (units) } & 20,000\end{array}$ If Johnson determines price using a desired return on life cycle costs of 30%, the price is:

• A) $262.50
• B) $306.00
• C) $375.00
• D) $364.29
• E) $330.00

Understand the basic purposes and implications of the National Labor Relations Act (NLRA).

Comprehend the process and strategic aspects of collective bargaining.

Distinguish between different provisions related to union membership and their employment conditions.

Recognize the significance of union representation and member engagement in collective bargaining.

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Definitions:

Falsifiable

A criterion of scientific theory that requires it to be capable of being proven false through observation or experiment.

Replicable

Capable of being repeated or duplicated under similar conditions, often used in the context of experiments or studies to verify results.

Insignificant

Lacking in importance, magnitude, or likely impact; trivial.

Parsimonious

Referring to the principle in science and philosophy where the simplest explanation or strategy tends to be the right one.