Fantastic Futons Manufactures Futons

question 38

Multiple Choice

Fantastic Futons manufactures futons.The estimated number of futon sales for the first three months of 2014 are as follows: Finished goods inventory at the end of 2013 was 10,000 units.On average,25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory.The planned selling price is $150 per unit.
-How many futons are budgeted to be produced in January by Fantastic Futons?

• A)44,500
• B)28,000
• C)42,500
• D)52,500

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Definitions:

Political Ideologies

Sets of beliefs and values that provide a framework for political, economic, and social policies.

Liberals

Individuals or political parties advocating for policies that emphasize individual freedoms, social justice, and progressive reform.

Conservatives

Individuals or political factions favoring traditional views and values, advocating for minimal governmental intervention in the economy and society.

Socialists

People who advocate for socialism, a political and economic theory of social organization advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.