During Its First Year of Operations,Silverman Company Paid $14,000 for Direct

question 69

Multiple Choice

During its first year of operations,Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages.Lease payments and utilities on the production facilities amounted to $17,000 while general,selling,and administrative expenses totaled $8,000.The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is Silverman's cost of goods sold for the year?

• A) $50,000
• B) $24,600
• C) $30,000
• D) $41,000

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Definitions:

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, such as anorexia nervosa or bulimia nervosa.

Set Point

A theory suggesting that the body regulates its weight and energy levels around a specific baseline or 'set point.'

Basal Metabolic Rate

The pace at which energy is consumed by the body in a resting state to sustain critical operations, including respiration and temperature regulation.

Hunger

The physical sensation and physiological need for food.