The following production and average cost data for two levels of monthly production volume have been supplied by a company that produces a single product: Production volume 2,000units 4,000unitsDirect materials$88.40per unit$88.40per unitDirect labor$20.60per unit$20.60per unitManufacturing overhead$86.90per unit$55.30per unitThe best estimate of the total cost to manufacture 2,200 units is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $430,980
B. $418,340
C. $396,220
D. $361,460
Answer: B
You might also like to view...
________ are low-growth, high-share businesses/products that need less investment to hold their market share
A) Stars B) Cash cows C) Question marks D) Dogs E) Bears
Elmo Inc, a global conglomerate, designed the ElBrush, an electric toothbrush. Sensing market demand for the electric toothbrush, Elmo started with an ideal selling price of $3 based on customer value considerations and then targeted costs to ensure that the price was met. This exemplifies ________.
A) competition-based pricing B) cost-plus pricing C) target costing D) everyday low pricing E) high-low pricing
When doing business in most of Latin America, your business card should be translated into Spanish
Indicate whether the statement is true or false
Harry said to Marge, "I have a ring once owned by Marilyn Monroe. Would you like to buy it for $500?" Marge pays for the ring, but the next day a friend tells her that Harry had recently purchased the ring at a local store. Marge enjoys wearing the ring and wears it constantly for twelve months. Finally, she goes to Harry and says, "Here is the ring you lied about. Give me my $500." Most likely
Marge will: a. get her money back since Harry's statement was fraudulent. b. not get her money back since she should have investigated the facts about the ring more carefully. c. not get her money back since she is a good faith purchaser of merchandise. d. not get her money back since she has affirmed the contract by taking an unduly long time to disaffirm.