Figure 10-1Flying High Company Manufactures Model Airplanes

question 24

Multiple Choice

Figure 10-1Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are:

-Refer to Figure 10-1. Compute the standard number of sheets of aluminum allowed for a volume of 10,000 airplanes.

• A) 15,000 sheets
• B) 10,000 sheets
• C) 7,500 sheets
• D) 11,250 sheets

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Definitions:

Total Amount

The complete value, sum, or quantity of something.

Ordinary Interest

interest calculated on a loan or investment based on a 360-day year, commonly used in banking and finance.

Exact Interest

Interest calculation method utilizing the actual number of days in the interest period and a 365-day year to determine the accurate interest due.

Simple Interest

Interest calculated solely on the principal amount of a loan or investment, without compounding over time.