Answer the Following Questions Using the Information Below

question 26

Multiple Choice

Answer the following questions using the information below:
Beat, Inc., expects to sell 60,000 athletic uniforms for $80 each in 2012. Direct materials costs are $20, direct manufacturing labor is $8, and manufacturing overhead is $6 for each uniform. The following inventory levels apply to 2011:

-How many uniforms need to be produced in 2012?

• A)52,000 uniforms
• B)68,000 uniforms
• C)60,000 uniforms
• D)58,000 uniforms

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Definitions:

Outliers

Data points that significantly deviate from the other observations in a dataset, potentially indicating measurement error or an unusual event.

Statistical Procedure

A standard process or series of operations in statistics used for collecting, organizing, summarizing, and analyzing data to draw conclusions or make predictions.

Average Prices

The mean cost calculated by dividing the total sum of all prices by the number of prices in the dataset.

Supermarkets

Large retail market places typically offering a wide variety of goods including food, clothing, and household items.