Kirgan,Inc.,manufactures a Product with the Following Costs

question 104

Multiple Choice

Kirgan,Inc.,manufactures a product with the following costs:
The company uses the absorption costing approach to cost-plus pricing described in the text.The pricing calculations are based on budgeted production and sales of 57,000 units per year.
The company has invested $140,000 in this product and expects a return on investment of 13%.
The selling price based on the absorption costing approach would be closest to:

• A) $77.42
• B) $99.65
• C) $77.10
• D) $61.13

Understand the concept of z-scores and their calculation.

Differentiate between different probability distributions and identify situations where the normal distribution applies.

Apply the properties of the normal distribution to solve real-world problems.

Calculate and interpret z-values and percentages in the context of normal distribution.

---

Definitions:

Self-serving Bias

The common habit of a person crediting themselves for positive outcomes or successes but attributing failures to external factors.

Reciprocal Determinism

A concept in social cognitive theory that suggests an individual's behavior is both influenced by and influences their personal factors and the environment.

Poor Officiating

Refers to substandard or inadequate performance by referees or officials in enforcing rules during a sport or game.

Self-perception

The way an individual understands and views oneself, including beliefs about one's own abilities, appearance, and personality.