Ramos Company
Ramos Company Included the Following Information in Its

question 92

Multiple Choice

Ramos Company
Ramos Company included the following information in its annual report:
$\begin{array}{|l|r|r|r}\hline & \mathbf{2 0 1 1} & \mathbf{2 0 1 0} & {\mathbf{2 0 0 9}} \\\hline \text { Sales } & \$ 178,400 & \$ 162,500 & \$ 155,500 \\\hline \text { Cost of goods sold } & 115,000 & 102,500 & 100,000 \\\hline \text { Operating expenses } & 50,000 & 50,000 & 45,000 \\\hline \text { Net income } & 13,400 & 10,000 & 10,500 \\\hline\end{array}$

-Refer to the information for Ramos Company.In a common size income statement for 2011,the cost of goods sold is expressed as: 

• A) 130%
• B) 115%
• C) 64.5%
• D) 63.1%

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Definitions:

Master Schedule

A detailed plan that outlines the production and delivery schedule of final products to ensure the efficient management of production operations.

Master Production Schedule

A timetable that specifies what is to be made and when.

Work Centre

is a specific physical location in a manufacturing facility where tasks related to production are carried out, often equipped with necessary machinery and labor.

Linear Programming

A mathematical technique for optimizing a linear objective function, subject to linear equality and linear inequality constraints.