A Local Bagel Shop Produces Two Products: Bagels (B) and Croissants

question 89

Multiple Choice

A local bagel shop produces two products: bagels (B) and croissants (C) . Each bagel requires 6 ounces of flour, 1 gram of yeast, and 2 tablespoons of sugar. A croissant requires 3 ounces of flour, 1 gram of yeast, and 4 tablespoons of sugar. The company has 6,600 ounces of flour, 1,400 grams of yeast, and 4,800 tablespoons of sugar available for today's production run. Bagel profits are 20 cents each, and croissant profits are 30 cents each. What is the objective function?

• A) $0.30B + $0.20C = Z
• B) $0.60B + $0.30C = Z
• C) $0.20B + $0.30C = Z
• D) $0.20B + $0.40C = Z
• E) $0.10B + $0.10C = Z

Distinguish between perpetual and periodic inventory systems, including their impact on accounting and inventory management.

Understand the process and implications of recording operating expenses and how they are classified in financial statements.

Comprehend the accounting treatment and financial impact of sales returns, allowances, and discounts.

Grasp the closing process of accounts in financial accounting and the role of specific accounts within this process.

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