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Castil Corporation Makes and Sells a Product Called a Miniwarp

question 109

Multiple Choice

Castil Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 9,700 kilograms of Jurislon were on hand. The cost of Jurislon is $5.00 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
-The total cost of Jurislon to be purchased in August is:

Differentiate the causes and outcomes of employment discrimination.

Understand the consequences of employment discrimination on wages and economic efficiency.

Compare wage differentials across different groups of workers and the factors contributing to them.

Understand different compensation structures and their impact on employee performance.

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or during the normal operation cycle of the business, whichever is longer.

Net Income

Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Investments

Resources such as money put into buying financial instruments or other assets to gain profitable returns in the form of income, interest, or appreciation of value.

Accounts Payable

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.