Java Gourmet Coffee Java Gourmet Coffee Reports the Following Data for April 2010

question 18

Multiple Choice

Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage) ,
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the flexible budget for direct materials.

• A)$115,500
• B)$105,500
• C)$100,000
• D)$ 95,500

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Definitions:

GATT

The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.

International Trade

The exchange of goods and services between countries.

Trade Balance

The difference between the monetary value of a nation's exports and imports over a certain timeframe.

Free Markets

Economic systems in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.