The FlyOnTheWall Company Made the Following Purchases of Camera Components

question 22

Multiple Choice

The FlyOnTheWall company made the following purchases of camera components:
$$\begin{array} { l l l l r } \text { Date } & \text { Units } & \text { Cost price per unit } & \text { Amount } & \text { Total } \\1 \text { st Feb } & 800 & £ 10 & 8,000 & 8,000 \\15 \text { th Feb } & 1,000 & f 9 & 9,000 & 17,000 \\25 \text { th Feb } & 6,000 & £ 11 & 6,600 & 23,600\end{array}$$
The company took out a job on the 27th February,using 1,200 components.Show the price charged for the job under the first in first out approach (FIFO)

• A) £11,800
• B) £12,000
• C) £11,600
• D) £12,800

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Definitions:

Organizational Objectives

The goals or targets that a company aims to achieve, which guide its operational and strategic activities.

Business Cycles

Business cycles refer to the fluctuations in economic activity that an economy experiences over a period, characterized by expansion and contraction phases.

Labour Mobility

The extent to which workers can move easily between jobs, locations, or industries, influenced by factors such as regulations and qualifications.

Turnover

The rate at which employees leave a company and are replaced by new hires over a certain period.