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

question 133

Multiple Choice

Use the information below to answer the following question(s) .Berry's Boxes manufactures boxes.It expects to sell 20,000 boxes in 2018.The company had enough beginning inventory of direct materials to produce 24,000 units.Beginning inventory of finished units totalled 2,000 with a target ending inventory of 2,500 units.The boxes sell for $3.00 and the company keeps no work-in-process inventory.Direct materials costs for each box total $1.00 while direct labour is $0.50.Factory overhead is $0.20 per box.
-What will be Berry's Boxes budgeted revenue?

• A)$54,000
• B)$60,000
• C)$78,000
• D)$79,500
• E)$72,000

---

Definitions:

Student Loan

A loan offered to students which is used to pay off educational expenses and is repayable after graduation, typically with interest.

Withdraw

To remove funds from a bank account or investment, or to retract from participation in an activity or agreement.

Compounds Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.