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

question 31

Multiple Choice

Use the information below to answer the following question(s) .
Daniel Inc.expects to sell 6,000 ceramic vases for $20 each in 2015.Direct materials costs are $2,direct manufacturing labour is $10,and manufacturing overhead is $3 per vase.Each vase requires 0.5 kilograms (kg) of material which is all added at the start of production.The units in work-in-process beginning and ending inventory were half complete as to direct labour and manufacturing overhead costs;the units in beginning inventory are completed before new units are started.Each vase requires one hour of direct labour,and manufacturing overhead is allocated based on direct labour hours.The following inventory levels are expected to apply to 2015:

-On the 2015 budgeted income statement,what amount will be reported for gross margin?

• A)$122,000
• B)$90,000
• C)$48,000
• D)$30,000
• E)$120,000

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Definitions:

HR Expertise Role

Position within human resources that requires specialized knowledge or skills to support organizational and employee needs effectively.

Change Management

The process, tools, and techniques used to manage the people-side of change to achieve a required business outcome.

Strategic Decisions

High-level choices made by an organization's leaders concerning overall direction and long-term goals, often involving significant resources and risk.

Supply-Chain Management

The management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.