Sanchez Company Has No Beginning and Ending Inventories,and Reports the Following

question 7

Multiple Choice

Sanchez Company has no beginning and ending inventories,and reports the following data about its only product:
$\begin{array}{ll}\text { Direct materials used } & \$ 100,000 \\\text { Direct labor } & \$ 80,000 \\\text { Fixed indirect manufacturing } & \$ 100,000 \\\text { Fixed selling and administrative } & \$ 170,000 \\\text { Variable indirect manufacturing } & \$ 20,000 \\\text { Variable selling and administrative } & \$ 90,000 \\\text { Selling price(per unit) } & \$ 100\end{array}$
$\begin{array} { l } \text {Units produced and sold }&12,000 \\\end{array}$

Sanchez Company uses the absorption approach to prepare the income statement.What is the manufacturing cost of goods sold?

• A) $270,000
• B) $300,000
• C) $390,000
• D) $500,000

Identify the role of enzymes in facilitating biological reactions by lowering activation energy.

Explain the relationship between enzyme structure, substrate binding, and catalysis.

Understand the thermodynamics of biological reactions, including the concepts of endergonic and exergonic reactions and entropy changes.

Recognize the biochemical basis of feedback inhibition in metabolic pathways.