Grounded Coffee Products Manufactures Coffee Tables Grounded Coffee Products Is Approached by an Overseas Customer to Policy

question 204

Multiple Choice

Grounded Coffee Products manufactures coffee tables.Grounded Coffee Products has a policy of adding a 20% markup to full costs and currently has excess capacity.The following information pertains to the company's normal operations per month: $\begin{array}{lll}\text { Output units } & 20,000 \text { tables } \\\text { Machine-hours } & 8,000 \text { hours } \\\text { Direct manufacturing labor-hours } & 10,000 \text { hours } \\\text { Direct materials per unit } & \$ 105 \\\text { Direct manufacturing labor per hour } & \$ 10\\\text { Variable manufacturing overhead costs } & \$ 322,500 \\\text { Fixed manufacturing overhead costs } & \$ 1,200,000 \\\text { Product and process design costs } & \$ 1,100,000 \\\text { Marketing and distribution costs } & \$ 1,125,000\end{array}$ Grounded Coffee Products is approached by an overseas customer to fulfill a one-time-only special order for 1,000 units.All cost relationships remain the same except for a one-time setup charge of $20,000.No additional design,marketing,or distribution costs will be incurred.What is the minimum acceptable bid per unit on this one-time-only special order?

• A) $146.125
• B) $1346.125
• C) $126.125
• D) $946.125

Learn the fundamental principles underlying statistical methodology.

Identify the role of descriptive and inferential statistics in summarizing and interpreting data.

Identify appropriate chart types for displaying various datasets.

Understand the use of logical functions in Microsoft Excel.

---

Definitions:

James Madison

An American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth president of the United States from 1809 to 1817, known for his role in drafting and promoting the U.S. Constitution and the Bill of Rights.

Government Object

Typically refers to any item or document that is owned or created by a governmental body, encompassing a wide range of materials including official records, publications, and assets.

Property Rights

Legal rights to use, control, and dispose of property, including real estate, intellectual property, and other belongings.

Ratification

Formal approval or confirmation of an agreement, treaty, or constitution.