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Sveta_85 [38]
1 year ago
12

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Sinc

e this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is ________.A. informationB. knowledgeC. wisdomD. data
Business
1 answer:
zzz [600]1 year ago
3 0

Answer:

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Since this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is data.

D. data

Explanation:

To understand what data is, consider the explanation below;

1. Data: data is a piece of raw information that can be converted to useful information. They are facts and statistics usually derived from observations and study that once processed and analysed, useful information can be extracted from it. Data can be analysed in different ways depending on the expected results. In the modern age, data is very important since they provided a factual basis for theories. Data can be processed manually or through the use of software applications.

An example of data is the score that the professor gave you which is 75, this score implies a specific grade ranking. This data was useful to you, since you analysed it and came to the conclusion that by working hard you can average this score up to a B by the end of the semester. The process through which you took the data which is 75, analysed it by comparing it to the grading system and coming to a conclusion is an example of data processing.

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Direct materials per case 16

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Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

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<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34)                                                       1020,000  

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total Variable Costs                                                       780,000

Contribution Margin                                                        240,000

Fixed Expenses                                                               140,000

Total fixed manufacturing overhead      $120,000

Fixed selling and administrative 20,000

<u>Net Income                                                                   100,000</u>

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Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total fixed manufacturing overhead      $120,000

Total Manufacturing Costs                                              900,000

Gross Profit                                                                   120,000

Fixed Expenses                                                               20,000

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3 0
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