Use the Following to Answer Questions -(Table: Costs of Producing Bagels)Use Table: Costs of Producing Bagels

question 337

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Costs of Producing Bagels }\\\begin{array} { c c c } \hline \begin{array} { c } \text { Quantity } \\\text { of Bagels } \\\text { (per period) }\end{array} & \begin{array} { c } \text { Total } \\\text { Variable Costs }\end{array} & \begin{array} { c } \text { Total } \\\text { Fixed Costs }\end{array} \\\hline 0 & \$ 0.00 & \$ 0.10 \\1 & 0.20 & 0.10 \\2 & 0.30 & 0.10 \\3 & 0.35 & 0.10 \\4 & 0.45 & 0.10 \\5 & 0.60 & 0.10 \\6 & 0.80 & 0.10 \\7 & 1.05 & 0.10 \\8 & 1.35 & 0.10 \\\hline\end{array}\end{array}$$
-(Table: Costs of Producing Bagels) Use Table: Costs of Producing Bagels.The total cost of producing six bagels is:

• A) $0.10.
• B) $0.20.
• C) $0.80.
• D) $0.90.

---

Definitions:

Ending Raw Materials Inventory

The value of raw materials that remain unsold and available for use at the end of an accounting period.

Expected Cash Collections

The amount of cash a company anticipates receiving over a specified period, often based on sales forecasts.

Budgeted Selling Price

The anticipated price at which a product will be sold, factoring in production and marketing costs to determine profitability.

Credit Sales

Sales made by a business where payment is deferred to a future date, typically involving an agreement or terms of credit.