Mary’s Fine Fashions US Company Mary’s Fine Fashions Manufactures and Sells Various Types

question 86

Multiple Choice

Mary’s Fine Fashions
US company Mary’s Fine Fashions manufactures and sells various types of women’s clothing. At the end of 2008, Mary had estimated for the production and sale of 25 000 short-sleeve shirts. Each shirt has a standard calling for 2.5 yards of direct material at a standard cost of $1.25 per yard and 12 minutes of direct labour time at a standard cost of $.20 per minute. During 2009, the company actually produced and sold 23 000 shirts. These 23 000 shirts had an actual direct materials cost of $77 142 (59 340 yards at $1.30 per yard) and an actual direct labour cost of $63 250 (253 000 minutes at $.25 per minute) . Each shirt sells for $20.
-What is Mary's net income (loss) based on a flexible budget?

• A) $332 925
• B) $361 875
• C) $347 400
• D) $307 400

Apply theoretical knowledge to practical dosage calculations for medications.

Recognize the importance of selecting appropriate nursing interventions like enema solutions for young children.

Acknowledge effective communication strategies and the psychological preparation of children for hospital procedures.

Understand infection control measures necessary in pediatric care settings.

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Definitions:

Marginal Utility

The additional satisfaction or benefit a consumer receives from consuming an additional unit of a good or service.

Demand Curve

is a graphical representation that shows the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Utility Maximization

The economic principle that individuals seek to obtain the greatest satisfaction or utility from their choices given their resources.

Marginal Utility

The additional satisfaction or usefulness gained from consuming one more unit of a good or service.