Answer the Following Questions Using the Information Below:
Piels Corporation

question 41

Multiple Choice

Answer the following questions using the information below:
Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
$\begin{array}{lr}\text { Direct materials } & \$ 90,000 \\\text { Direct labor } & 130,000 \\\text { Variable factory overhead } & 60,000 \\\text { Fixed factory overhead } & 140,000 \\\quad \text { Total costs } & \$ 420,000\end{array}$ Of the fixed factory overhead costs, $60,000 is avoidable.
-Assuming no other use of their facilities,the highest price that Piels should be willing to pay for 10,000 units of the part is ________.

• A) $420,000
• B) $280,000
• C) $340,000
• D) $360,000

Determine the amount of regular deposits needed to achieve a specific financial goal within a given timeframe.

Understand the impact of different compounding frequencies on investment growth and loan repayment schedules.

Calculate the payment size for loans and mortgages based on various interest rates and repayment periods.

Apply the concept of the time value of money to real-life financial planning and decision making.

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Definitions:

Hirschi

Relates to Travis Hirschi, a prominent criminologist known for his social control theory which argues that strong social bonds inhibit deviant behavior.

Adolescent Siblings

Brothers and sisters in their teenage years, a period marked by significant growth, change, and development.

Deviance

Behaviors or actions that violate societal norms or expectations.

White-Collar Crime

Non-violent crime committed by individuals, typically for financial gain, within their occupational roles.