Answer the Following Questions Using the Information Below

question 35

Multiple Choice

Answer the following questions using the information below:
Wallace Company provides the following data for next year:
The gross profit rate is 40% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 30% of next month's sales, stated at cost.
-Shamokin Manufacturing produces two products, Big and Bigger. Shamokin expects to sell 10,000 units of product Bigger and to have an inventory of 2,000 units of Bigger on hand at the end of the period. Currently, Shamokin has 800 units of Bigger on hand. Bigger requires two labor operations, molding and polishing. Each unit of Bigger requires one hour of molding and two hours of polishing. The direct labor rate for molding is $20 per molding hour and the direct labor rate for polishing is $25 per polishing hour. The expected cost of direct labor for Bigger is:

• A)$224,000
• B)$560,000
• C)$616,000
• D)$784,000

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Definitions:

Strict Scrutiny

A standard of judicial review that requires the government to prove that a law which restricts a fundamental right or discriminates against a protected class is necessary to achieve a compelling state interest.

Roe V. Wade

A landmark 1973 United States Supreme Court decision that ruled state laws restricting a woman's right to an abortion during the first trimester of pregnancy were unconstitutional.

Decision

A choice made from among available alternatives in a process of judgment or problem-solving.

Clear And Present Danger

A legal doctrine used to determine under what circumstances limits can be placed on First Amendment freedoms of speech, press, or assembly.