The Ending Inventory of Finished Goods Has a Total Cost

question 25

Multiple Choice

The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If the overhead applied to these goods is $3,000, and the overhead rate is 75% of direct labor, how much direct materials cost was incurred in producing these units?

• A) $3,750.
• B) $2,000.
• C) $4,000.
• D) $6,000.
• E) $9,000.

Understand the role of strategic management principles in shaping organizational objectives and competitive scopes.

Describe the strategic planning process as dynamic and responsive to changes in the environment.

Identify and illustrate types of objectives (long-term, short-term, soft, hard) and their implications for organizational strategy.

Explain the significance of value propositions in determining customer targets and product/service differentiators.

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Definitions:

Earn Income

The acquisition of money in return for labor or services provided.

Classroom Training Methods

Educational techniques and procedures used in a classroom setting to impart knowledge or skills.

Internship

A period of work experience offered by an organization for a limited period of time, often by students or graduates seeking skills for a new career.

International Business Management

The study and application of business strategies designed to facilitate and manage transactions across international borders.