Answer the Following Questions Using the Information Below

question 128

Multiple Choice

Answer the following questions using the information below:
Kason, Inc., expects to sell 20,000 pool cues for $24.00 each. Direct materials costs are $4.00, direct manufacturing labor is $8.00, and manufacturing overhead is $1.60 per pool cue. The following inventory levels apply to 2011:

-What are the 2012 budgeted costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?

• A)$0; $192,000; $38,400
• B)$78,000; $156,000; $31,200
• C)$160,000; $80,000; $32,000
• D)$82,000; $164,000; $32,800

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Definitions:

Intentional Misrepresentations

False statements or lies made knowingly, with the intention to deceive or mislead another party, which can serve as grounds for legal action if they result in harm.

Principal

The main party to a transaction or contract, such as a company, individual, or entity, which has authorized others to act on its behalf.

Agent

A person or entity authorized to act on behalf of another person or entity (the principal), typically within the scope of business or legal matters.

Indemnify The Agent

To protect the agent against losses, damages, or liabilities arising from their actions while performing their duties.