Fisher,Inc

question 83

Multiple Choice

Fisher,Inc.recently lost a portion of its records in an office fire.The following information was salvaged from the accounting records.
Direct labor cost incurred during the period amounted to 1.5 times the factory overhead.The CFO of Fisher,Inc.has asked you to recalculate the following accounts and to report to him by the end of the day.
What is the amount of net sales?

• A)$68,500.
• B)$70,000.
• C)$72,500.
• D)$75,000. $75,000 = $15,000 + $10,000 + $50,000 Where $15,000 = Net Income;$10,000 = Sell & Admin.Expenses;and $50,000 = COGS

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Definitions:

Mercury Discharge

The release or emission of mercury, a toxic heavy metal, into the environment, often from industrial sources.

National Environmental Policy Act

A law enacted to ensure that the government gives proper consideration to the environmental impact of major federal actions that could significantly affect the environment.

Council on Environmental Quality

A federal agency within the Executive Office of the President that advises on environmental policies and strategies.

Transporter

An entity or individual involved in the movement of goods or people from one location to another.