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

question 105

Multiple Choice

Use the information below to answer the following question(s) .
Samson Inc.expects to sell 10,000 barbells for $18.00 each.Direct materials costs are $5.00,direct manufacturing labour is $6.00,and manufacturing overhead is $2.50 per barbell.Each barbell requires 6 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 barbell requires one-quarter hour of direct labour,and manufacturing overhead is allocated based on direct labour hours.Marketing costs are $2.00 per barbell.The following inventory levels are expected to apply to 2016:

-On the 2016 budgeted income statement,what amount will be reported for cost of goods sold?

• A)$132,975
• B)$135,675
• C)$134,325
• D)$135,000
• E)$155,000

Explain the process and importance of selecting optimal goals over merely acceptable ones.

Understand the use of heuristics in decision making.

Describe the importance of knowledge management in delivering timely and relevant information.

Acknowledge the potential for biases and political influences in the decision-making process.

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Definitions:

Stress Response

The physical, mental, and emotional reactions or adjustments made as a response to perceived threats or challenges.

Type B Behavior

A behavior pattern characterized by a lower level of stress, patience, and a more relaxed, easy-going manner in contrast to Type A behavior.

Competitive

Characterized by or involving competition; striving to gain or win something by defeating or establishing superiority over others.

Behavioral Characteristics

Observable patterns in the actions or reactions of an individual or group in various situations.