Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 240 280 300 240 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales March 31 Finished Goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of direct material B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted cost of direct material B during May should be:
A. $3,708.
B. $552.
C. $2,844.
D. $2,016.
E. $576.
Answer: C
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________ is concerned with the extent to which the change in the dependent variable was actually due to the independent variable
A) Representativeness B) External validity C) Internal validity D) Measurement E) Validation
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1. Indirect labor costs might include the salary of the production manager. 2. Product costs, such as manufacturing overhead, should be treated as an asset in an inventory account until the product is sold. 3. Manufacturing overhead includes all manufacturing costs, such as direct labor and direct materials. 4. Manufacturing overhead includes indirect manufacturing costs, such as insurance and depreciation on the factory building. 5. All costs incurred in the manufacture of completed products are product costs.
Quantitative analysis is ________
Fill in the blanks with correct word