From the data given above, the sales forecast for the year 2008 (in 000s) is ________
A) 40.72 units
B) 47.34 units
C) 52.67 units
D) 62.53 units
D
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Manufacturers must use due care in selecting the materials to be used in a product
Indicate whether the statement is true or false
Jared Beverage Corporation uses a process costing system to collect costs related to the production of its celery flavored cola. The cola is first processed in a Mixing Department and is then transferred out and finished up in the Bottling Department. The finished cases of cola are then transferred to Finished Goods Inventory. The following information relates to the company's two departments for the month of January: Mixing BottlingCases of cola in work in process, January 1 10,000 5,000 Cases of cola completed/transferred out during January 65,000 ? Cases of cola in work in process, January 31 4,000 7,000 How many cases of cola were completed and transferred to Finished Goods Inventory during January?
A. 58,000 B. 77,000 C. 63,000 D. 70,000
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia CorporationIncome StatementFor the Month ended November 30Sales ($30 per unit)$1,200,000Variable expenses: Variable cost of goods sold 720,000Variable selling expense 160,000Total variable expenses 880,000Contribution margin 320,000Fixed expenses: Manufacturing 140,000Selling and administrative 35,000Total fixed expenses 175,000Net operating income$145,000 During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. The value of the company's inventory on November 30 under absorption costing would be:
A. $81,000 B. $78,000 C. $54,000 D. $66,000
When Miller Brewing advertises that its Miller 64 brand of beer has fewer calories than Bud Light, Miller Brewing is using comparative advertising.
Answer the following statement true (T) or false (F)