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Answer the Following Questions Using the Information Below:
Cathfree Inc

question 201

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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:
 Beginning inventory  Ending inventory  Direct materials 12000 units 10000 units  Work-in-process inventory 0 units 0 units  Finished goods inventory 6000 units 5000 units \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}
-How many uniforms need to be produced in 2018?

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Definitions:

Monetarists

Economists who assert that the dynamism in the money supply significantly shapes short-term national economic performance and price levels over the long haul.

Real Output

The total goods and services produced by an economy, measured in constant prices to adjust for inflation, synonymous with real GDP.

Incentives

Something that motivates or encourages an individual or group to perform or act in a certain way.

Savings

The portion of income not spent on current expenditures and set aside for future use.

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