First Class,Inc

question 174

Multiple Choice

First Class,Inc. ,expects to sell 29,000 pool cues for $13 each.Direct materials costs are $3,direct manufacturing labor is $5,and manufacturing overhead is $0.83 per pool cue.The following inventory levels apply to 2019:

What are the 2019 budgeted costs for direct materials,direct manufacturing labor,and manufacturing overhead,respectively?

• A)$72,000;$120,000;$19,920
• B)$90,600;$151,000;$25,066
• C)$91,800;$153,000;$25,398
• D)$87,000;$145,000;$24,070

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Definitions:

Social Security

A government program that provides financial assistance to people with little or no income, including retirement, disability, and survivor benefits.

Regressive

A tax system where the tax rate decreases as the taxable amount increases.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Real Rate of Return

The annual percentage return realized on an investment, adjusted for changes in the price level due to inflation or other external effects.