Use the Information Below to Answer the Following Question(s)

question 72

Multiple Choice

Use the information below to answer the following question(s) .Konrade Inc.expects to sell 30,000 athletic uniforms for $80 each in 2019.Direct materials costs are $20, direct manufacturing labour is $8, and manufacturing overhead is $6 for each uniform.Each uniform requires 2.0 square metres (sq.m.) of material which is all added at the start of production.The following inventory levels are expected to apply to 2019:

-What is the amount budgeted for cost of goods sold in 2019?

• A)$1,156,000
• B)$986,000
• C)$840,000
• D)$2,400,000
• E)$1,020,000

Grasp the diversity of criteria and weights used in vendor evaluation.

Comprehend basic negotiation strategies in supply chain management, including the market-based price model.

Identify the concept of the bullwhip effect and its implications on supply chain fluctuation.

Understand the approach to mitigating supply chain risks through supplier policies as illustrated by Toyota and Hard Rock Café.

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Definitions:

Current Assets

Current assets are assets that a company expects to convert into cash, sell, or consume within one year or within its operating cycle if longer than a year.

Vertical Analysis

A financial analysis method that compares various line items in a company's financial statements over a single period, expressing each item as a percentage of a base amount to assess relative size and structure.

Comparative Financial Statements

Financial statements that present financial information for different periods or dates side by side to facilitate comparison.

Corporations

Are legal entities that are separate and distinct from their owners. They have the ability to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.