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

question 128

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:

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

• A)$132,975
• B)$135,675
• C)$134,325
• D)$135,000
• E)$155,000

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Definitions:

Chunking

Organizing items into familiar, manageable units; often occurs automatically.

Game Board

A physical or virtual platform on which board games are played, featuring specific layouts and designs for the game's mechanics.

Synonyms

Words that have different spellings and pronunciations but share similar or identical meanings.

Encoding Meaning

Involves translating information into a form that can be stored in memory, often impacting recall and understanding.