Use the Information Below to Answer the Following Question(s) $\quad$

question 126

Multiple Choice

Use the information below to answer the following question(s) .
Sierra Ceramics makes custom ceramic tiles. During March, the company started and finished Job #231. Job #231 consists of 2,000 tiles; each tile sells for $12.00. The company's records show the following direct materials were requisitioned for Job #231.
Basic terra cotta tiles: $\quad$ 2,000 units at $2.00 per unit
Specialty paint: $\quad$$\quad$$\quad$ 5 quarts at $4.00 per quart
High gloss glaze: $\quad$$\quad$ 3 quarts at $10.00 per quart

Labour time records show the following employees worked on Job #231:
Emily Jergens: $\quad$$\quad$$\quad$ 20 hours at $22 per hour
Dan Evrard: $\quad$$\quad$$\quad$$\quad$ 12 hours at $15 per hour

Sierra Ceramics allocates manufacturing overhead at a rate of $25 per direct labour hour.
-What is Sierra Ceramics' gross profit per tile on Job #231?

• A) $12.00
• B) $11.60
• C) $9.67
• D) $9.27

Identify appropriate uses of digital media in professional communication.

Distinguish between oral, written, and visual media and their respective advantages in communication.

Comprehend the process of selecting an effective channel and medium combination for communication.

Analyze the advantages and disadvantages of using digital channels for business communication.

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Definitions:

Acquisition Differential

The difference between the purchase price of an acquired company and the sum of its net assets' fair values.

Retained Earnings

The portion of a company's profit not distributed to shareholders as dividends but kept in the company to reinvest in its core business or to pay debt.

Cost Method

An accounting approach for investments, outlining that an investment is recorded at its acquisition cost, adjusting for any dividends received.

Deferred Tax Asset

An accounting term representing an asset that may be used to reduce any future tax liability originating from temporary timing differences between the accounting and tax treatment of transactions.