Fredericksen Corporation makes one product and has provided the following information: Budgeted sales, February 8,700unitsRaw materials requirement per unit of output 6poundsRaw materials cost$2.00per poundDirect labor requirement per unit of output 2.9direct labor-hoursDirect labor wage rate$21.00per direct labor-hourPredetermined overhead rate (all variable)$10.00per direct labor-hourVariable selling and administrative expense$1.10per unit soldFixed selling and administrative expense$80,000per month?The estimated cost of goods sold for February is closest to:
A. $634,230
B. $252,300
C. $721,230
D. $886,530
Answer: D
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In examining the volume of international trade, the proportion of world exports and imports accounted for by the 10 largest exporting and importing nations in 2013
A. exceeded 50 percent. B. was approximately one-third. C. was approximately 25 percent. D. was 40 percent. E. exceeded 70 percent.
Answer the following statement(s) true (T) or false (F)
1. A beneficial effect of MRP on a company’s supply chain performance is the improved raw material costs. 2. DRP is a pull system because demand at the retail level pulls inventory and shipments through the supply chain. 3. “What are the minimum sustainability requirements we need to meet to enhance profitability?”--is one of the questions in relation to DRP in the context of sustainability. 4. MRP II extends the closed loop MRP system by adding different modules such as product features and enhancements.
An example of a "hidden" production function is the transfer of funds between accounts at a bank
Indicate whether the statement is true or false
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following?
A. 40,000 B. 190,000 C. 60,000 D. 50,000