Your Company Is Reviewing a Project with Estimated Labor Costs

question 44

Multiple Choice

Your company is reviewing a project with estimated labor costs of $21.20 per unit,estimated raw material costs of $37.18 a unit,and estimated fixed costs of $20,000 a month.Sales are projected at 42,000 units over the one-year life of the project.All estimates are accurate within a range of plus or minus 4 percent.What are the total variable costs for the worst-case scenario?

• A)$890,400
• B)$1,561,560
• C)$2,448,037
• D)$2,451,960
• E)$2,691,960

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Definitions:

Miranda Warnings

A requirement for police in the United States to inform suspects of their rights to silence and legal counsel before interrogation.

Separate But Equal

A doctrine that justified and upheld racial segregation, claiming that services could be separate but still equal.

Prior Restraint

A government action that prohibits speech or other expression before the speech happens, based on the anticipation of harm.

Right Of Privacy

The concept that one's personal information is protected from public scrutiny and the government cannot invade it without a compelling need.