Raimondo Corporation Makes One Product and Has Provided the Following

question 35

Multiple Choice

Raimondo Corporation makes one product and has provided the following information:
A.The budgeted selling price per unit is $89.Budgeted unit sales for August is 8,300 units.
B.Each unit of finished goods requires 4 pounds of raw materials.The raw materials cost $2.00 per pound.
C.The direct labor wage rate is $21.00 per hour.Each unit of finished goods requires 2.6 direct labor-hours.
D.Manufacturing overhead is entirely variable and is $7.00 per direct labor-hour.
The estimated cost of goods sold for August is closest to:

• A) $519,580
• B) $577,680
• C) $670,640
• D) $151,060

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Definitions:

Workforce

The collective group of individuals who are available for work, including both employed and unemployed persons.

Transfer

The process of moving an employee from one job to another within the same organization, often for developmental purposes or operational needs.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.