Georgia, Inc A) $133,750

question 71

Multiple Choice

Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: $$\begin{array} { l l c } \text { Direct materials standard (4 lbs. @ \$1/16.) } & \$ 4 \text { per fiinshed unit } \\\text { Total direct materials cost variarne — unfavorable } & \$ 13,750 \\\text { Actual direct materials used } & 150,000 \text { lbs. } \\\text { Actual finished units produced } & 30,000 \text { units }\end{array}$$

• A) $133,750.
• B) $150,000.
• C) $106,250.
• D) $158,750.
• E) $120,000.

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Definitions:

Predictive Analysis

Using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Information Extraction

The process of automatically obtaining structured information from unstructured or semi-structured digital documents.

Purchasing Patterns

The behavior and habits of consumers when buying goods and services.

Statistical Links

Relationships or associations between two or more variables, which are typically explored and confirmed through statistical methods and analysis.