Use the Information Below to Answer the Following Question(s)

question 143

Multiple Choice

Use the information below to answer the following question(s) .
Fair Score Company manufactures scoreboards for athletic events.It expects to sell 20,000 scoreboards in 2015.The company has enough beginning inventory of direct materials to produce 8,000 units.Beginning work-in-process inventory totals 2,000 units and is 100 percent complete as to material and 50 percent complete as to labour and overhead.Beginning finished units total 4,000 with a target ending finished inventory of 3,000 units.The scoreboards sell for $800.There is no ending work-in-process inventory.Direct materials costs for each scoreboard total $200 while direct labour is $80.Manufacturing overhead is $60 per scoreboard.
-How many scoreboards should Fair Score Company produce in 2015?

• A)23,000
• B)21,000
• C)20,000
• D)19,000
• E)16,000

Comprehend the learning curve and its implications for production costs.

Analyze long-run cost functions and their dependencies on output and experience.

Calculate optimal input combinations given a production function and budget constraints.

Apply the Lagrangian technique to solve production and cost minimization problems.

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Definitions:

State Function

State function refers to the roles and responsibilities carried out by a government to maintain order, provide public services, and implement policies within a country.

Zygmunt Bauman

A Polish sociologist and philosopher known for exploring issues of modernity, globalization, consumerism, and the fluidity of identity in contemporary societies.

Tourists

Individuals who travel to places away from their usual environment for leisure, business, or other purposes, without intending to settle permanently.

Unending Choices

Refers to a situation or condition where an individual is faced with seemingly infinite options or decisions, often leading to indecision.