Theele Corporation Has the Following Information for April, May, and June

question 70

Multiple Choice

Theele Corporation has the following information for April, May, and June:
Production costs per unit (based on 10,000 units) are as follows:
$\begin{array}{lrrr} & \text { April } & \underline{\text { May }} & \text { June } \\\text { Units produced } & 10,000 & 10,000 & 10,000 \\\text { Units sold } & 7,000 & 8,500 & 10,500\end{array}$ Theele Corporation had no beginning inventories for April, and all units were sold for $55 per unit. Costs are stable over the three months.
$\begin{array}{lr}\text { Direct materials } & \$ 13 \\\text { Direct labour } & 9 \\\text { Variable factory overhead } & 7 \\\text { Fixed factory overhead } & 5 \\\text { Variable selling and administrative expenses } & 10 \\\text { Fixed selling and administrative expenses } & 4\end{array}$
-Refer to the Figure.What is the April ending inventory for Theele Corporation when using the variable costing method?

• A)$87,000
• B)$90,000
• C)$108,000
• D)$260,000

Understand the purpose and method of in-text citations in MLA and APA styles.

Distinguish between various steps of the writing process and their purposes.

Recognize the characteristics of source citations and their role in academic writing.

Discern the signs and implications of video game addiction.

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Definitions:

Money Supply

The entire sum of cash, coins, and account balances in checking and savings that constitute the monetary assets in an economy at a specific time.

Real GDP

The total value of all goods and services produced by a country over a specific time period, adjusted for inflation, reflecting the actual productivity of an economy.

Velocity of Money

The rate at which money is exchanged in an economy, often used to measure the activity level of economic transactions.

Inflation Rate

The inflation rate is the percentage increase in the general level of prices for goods and services in a country over a period of time.