Use the Information Below to Answer the Following Question(s)

question 218

Multiple Choice

Use the information below to answer the following question(s) .
Fair Score Company manufactures scoreboards for athletic events. It expects to sell 20,000 scoreboards in 2015. The company has enough beginning inventory of direct materials to produce 8,000 units. Beginning work-in-process inventory totals 2,000 units and is 100 percent complete as to material and 50 percent complete as to labour and overhead. Beginning finished units total 4,000 with a target ending finished inventory of 3,000 units. The scoreboards sell for $800. There is no ending work-in-process inventory. Direct materials costs for each scoreboard total $200 while direct labour is $80. Manufacturing overhead is $60 per scoreboard.
-What will be Fair Score Company's budgeted total cost of direct materials used in 2015?

• A) $3,400,000
• B) $3,800,000
• C) $3,600,000
• D) $3,200,000

Analyze perceptions of change within organizations.

Explain the role of quality improvement in organizational success.

Identify the activities involved in studying organizational behavior.

Differentiate between formal and informal organizational structures and their impact on organizational behavior.

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Definitions:

Creative Destruction

Creative destruction refers to the process through which new innovations lead to the demise of older technologies or business models, fostering growth and economic progress.

New Firms

Recently established companies or businesses entering a market.

Dominant Firms

Companies that hold a major portion of the market share in their industry, influencing market conditions and prices.

Average Total Cost

The total cost of production divided by the quantity produced, it measures the average cost per unit of a product.