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

question 59

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:

-How many ceramic vases need to be produced in 2015?

• A)5,900 vases
• B)6,100 vases
• C)7,000 vases
• D)6,000 vases
• E)6,300 vases

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Definitions:

More Convenient Forum

A legal doctrine allowing courts to transfer a case to a jurisdiction that is more suited for all parties involved or for the witnesses.

Lex Mercatoria

A body of commercial law and customs used by merchants throughout Europe during the medieval period, which still influences international trade law today.

Law of Merchants

Historical body of law originating from the practices of merchants and traders dealing with questions of commerce and trade.

Trade Agreements

Contracts between states or countries governing the terms of trade between them, which may include tariffs, trade quotas, and other trade-related provisions.