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NEW QUESTION 35
The cost of goods sold under the specific identification method of inventory valuation is:
Answer: A
Explanation:
Of the 800 units sold during the period, the 300 units said on March 15 were purchased on January 12 at a cost of US $2.00 per unit. The remaining 500 units were purchased on May 5 at a cost of US $2.20 per unit. The cost of goods sold under the specific identification method is therefore US $1.700 [(300 units x $2.00) +500 units ? $2.20)].
NEW QUESTION 36
Which of the following borrowing options is an unsecured loan?
Answer: A
NEW QUESTION 37
Which of the following stages of group development is associated with accepting team responsibilities?
Answer: D
NEW QUESTION 38
A company's product has an expected 4-year life cycle from research, development, and design through its withdrawal from the market. Budgeted costs are:
The company plans to produce 200,000 units and price the product at 125% of the wholelife unit cost. Thus, the budgeted unit selling price is:
Answer: C
Explanation:
Whole-life costs include after-purchase costs operating, support, repair, and disposal) incurred by customers as well as life-cycle costs R&D, design, manufacturing, marketing, distribution, and research). Hence, the budgeted unit whole-life cost is US $36 [($2,000,000
+ $3,000,000 + $1,200,000 + $1,000,000) - 200,000 units], and the budgeted unit selling price is US $45 $36 125CYo).
NEW QUESTION 39
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