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

question 47

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 20% markup of life cycle cost, the price is:

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

Familiarize with various legal instruments used in estate planning such as trusts and powers of attorney.

Recognize the legal procedures associated with probate and the proving of a will.

Understand how estate planning can be used to minimize future taxation.

Know the legal definitions and distinctions involved in estate and trust law.

---

Definitions:

Rorschach Inkblot Test

A projective psychological test consisting of ten inkblots presented to a participant, aimed at analyzing personality characteristics and emotional functioning.

Objective Test

A type of test designed to assess an individual's knowledge or abilities in a specific area, using questions with fixed answers.

Gender-Typing

The process by which males and females come to display behavior patterns consistent with stereotypical masculine and feminine gender roles.

Personality Traits

Enduring characteristics or dispositions that influence behavior across situations, such as openness, conscientiousness, extraversion, agreeableness, and neuroticism.