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

question 28

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.
-How many scoreboards should Fair Score Company produce in 2015?

• A) 23,000
• B) 21,000
• C) 20,000
• D) 19,000

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Definitions:

Physiology

The science of how the body and its systems work, including biological and chemical processes.

Wilhelm Wundt

Often regarded as the father of experimental psychology, he established the first psychology laboratory in Leipzig, Germany, in 1879.

Independent Discipline

A field of study or area of professional practice that operates autonomously and is not dependent on other disciplines.

G. Stanley Hall

An American psychologist who is known for his contributions to developmental psychology and the founding of the American Psychological Association.