The Following Information Relates to the Operations of Cruz Manufacturing

question 77

Multiple Choice

The following information relates to the operations of Cruz Manufacturing during the current year: $$\begin{array} { l c r } \text { Raw materials used } & \text { \$ } & 20,000 \\\text { Direct labor wages } & & 60,000 \\\text { Sales salaries and commissions } & & 50,000 \\\text { Depreciation on production equipment } & & 4,000 \\\text { Rent on manufacturing facilities } & & 30,000 \\\text { Packaging and shipping supplies } & & 6,000 \\\text { Sales revenue } & & 190,000 \\\text { Units produced and sold } & & 10,000 \\\text { Selling price per unit } & \text { \$ } & 20.00\end{array}$$ Based on this information,what is the company's cost of goods sold?

• A) $86,000
• B) $120,000
• C) $114,000
• D) $170,000

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Definitions:

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into 16 different personality types based on preferences in perception and decision-making.

MBTI

Myers-Briggs Type Indicator, a personality assessment tool that categorizes individuals into 16 personality types based on preferences in four dichotomies.

Abbreviation

A shortened form of a word or phrase used to simplify communication without losing its meaning.

Personality

A mix of features or qualities that define a person's unique identity.