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

question 117

Multiple Choice

Use the information below to answer the following question(s) .Marguerite Inc..expects to sell 20,000 pool cues for $20.00 each.Direct materials costs are $2.00, direct manufacturing labour is $12.00, and manufacturing overhead is $0.80 per pool cue.Each pool cue requires 0.5 kilograms (kg) of material which is all added at the start of production.The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs; the units in beginning inventory are completed before new units are started..Each pool cue requires one hour of direct labour, and manufacturing overhead is allocated based on direct labour hours.The following inventory levels are expected to apply to 2019:

-On the 2019 budgeted income statement, what amount will be reported for cost of goods sold?

• A)$296,000
• B)$280,000
• C)$276,000
• D)$290,000
• E)$292,000

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Definitions:

Self-Promoting

The act of actively and explicitly promoting one's own abilities, achievements, or qualities, often for personal gain or career advancement.

Virtue-Based Theories

Ethical theories that emphasize virtues or moral character in evaluating the morality of individual actions or behaviors.

Leader's Character

The moral and ethical qualities, values, and principles that guide a leader's decisions and actions.

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve others, prioritizing the needs of the team, organization, and community before their own.