Lorillard Corporation Has the Following Information for April, May, and June

question 49

Multiple Choice

Lorillard Corporation has the following information for April, May, and June 2016: Production costs per unit (based on 12,500 units) are as follows:
There were no beginning inventories for April 2016, and all units were sold for $50. Costs are stable over the three
Months.
What is the May ending inventory cost for Lorillard Corporation using the variable costing method?

• A) $182,812.50
• B) $187,500
• C) $312,500
• D) $162,500

Analyze the economic impact of immigration on wage rates in high-paying and low-paying countries.

Identify the role and impact of remittances in the economies of origin countries.

Explore the relationship between immigration policies and their effects on labor markets.

Discuss the concept of "beaten paths" in migration and how they facilitate the migration process.

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Definitions:

Explanation of Benefits (EOB)

A document provided by insurance companies detailing what treatments/services were covered and what payment responsibilities the insured has.

Charge

The price or cost that someone has to pay for goods, a service, or admission to an event.

Third-Party Reimbursement

A phrase coined to indicate payment of services rendered by someone other than the patient. Today, the most common third-party payers are federal and state agencies, insurance companies, and workers’ compensation.

National Provider Identifier (NPI)

The name of the standard unique health identifier for health care providers.