Answer the Following Questions Using the Information Below:
Cathfree Inc

question 121

Multiple Choice

Answer the following questions using the information below:
Cathfree Inc.expects to sell 35 000 athletic uniforms for $70 each in 2018.Direct materials costs are $20,direct manufacturing labour is $8,and manufacturing overhead is $6 for each uniform.The following inventory levels apply to 2017:
$$\begin{array} { l r r } & \text { Beginning inventory } & \text { Ending inventory } \\\text { Direct materials } & 12000 \text { units } & 10000 \text { units } \\\text { Work-in-process inventory } & 0 \text { units } & 0 \text { units } \\\text { Finished goods inventory } & 6000 \text { units } & 5000 \text { units }\end{array}$$
-What is the amount budgeted for cost of goods sold in 2018?

• A)$1 156 000
• B)$2 400 000
• C)$1 190 000
• D)$986 000

Identify the six major supply strategy areas and their significance.

Learn the processes involved in developing supply strategies, including the make or buy decision.

Understand the role of strategic planning in achieving long-term goals and objectives.

Summarize the primary categories of organizational objectives.

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Definitions:

GAAP

Generally Accepted Accounting Principles, which are standards and conventions for financial reporting in the United States.

Compensation Costs

The expenses incurred by a company to pay employees, including salaries, benefits, bonuses, and social security contributions.

Grant Date

The date on which an employee receives a stock option or grant as part of their compensation package.

Stock-Based Compensation

A method of paying employees or service providers using shares of the company's stock, reflecting a form of non-cash compensation.