Lamar Has the Following Data How Many Units Must Lamar Produce and Sell in Order

question 112

Multiple Choice

Lamar has the following data:

$\begin{array}{c}\begin{array}{|l|}\hline \text {Selling Price}\\\text {Variable manufacturing cost}\\\hline\\ \text {Fixed manutacturing cost.}\\\hline \text {Variable selling \& administrative}\\\text {costs}\\\hline \\\text {Fixed selling \& administrative costs}\\\hline\end{array}\begin{array}{l|}\hline\$ 40 \\\$ 22 \\\hline \\\$ 150,000 \\\hline\\ \$ 6 \\\hline\\ \$ 120,000 \\\hline\end{array}\begin{array}{l|}\hline\\\\\hline \text {per}\\\text {month}\\\hline\\\\\hline \text {per}\\\text {month}\\\hline \end{array}\end{array}$

How many units must Lamar produce and sell in order to break-even?

• A) 8,333 units.
• B) 12,500 units.
• C) 15,000 units.
• D) 22,500 units.

Appreciate the significance of consciousness and its purpose as viewed within different psychological perspectives.

Understand the concept of learning through behaviour modification and the role of environmental stimuli.

Describe the theoretical basis and scientific approach of behaviourism.

Recognize the methodological implications of studying observable behaviour versus internal states in psychological research.

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones to be sold.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced items are sold first.

Computed Amounts

Quantitative values determined through calculations or algorithms, often used in financial statements and analyses.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than continuously.