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

question 85

Multiple Choice

Use the information below to answer the following question(s) .Samson Inc.expects to sell 10,000 barbells for $18.00 each.Direct materials costs are $5.00, direct manufacturing labour is $6.00, and manufacturing overhead is $2.50 per barbell.Each barbell requires 6 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 barbell requires one-quarter hour of direct labour, and manufacturing overhead is allocated based on direct labour hours.Marketing costs are $2.00 per barbell.The following inventory levels are expected to apply to 2019:

-How many kilograms of material will need to be purchased for 2019 production and inventory requirements?

• A)60,900 kg.
• B)60,600 kg.
• C)60,300 kg.
• D)60,000 kg.
• E)62,100 kg.

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Definitions:

Independent Samples

Two or more groups of data that are collected from different sources or populations and do not influence each other.

Normally Distributed Populations

Refers to groups or sets of data that follow a normal distribution, characterized by a symmetric bell-shaped curve where most observations cluster around the mean.

Population Variances

A metric that quantifies the degree to which a set of values in a population varies.

Sampling Distribution

The probability distribution of a statistic based on a large number of samples drawn from a specific population.