ETS MAJOR FIELD TEST IN BUSINESS PRACTICE QUESTIONS AND ANSWERS
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ETS Major Field
Institution
ETS Major Field
ETS MAJOR FIELD TEST IN BUSINESS
PRACTICE QUESTIONS AND ANSWERS
In marketing research, a firm might consider using secondary data over primary data because
a) secondary data usually cost less
b) secondary data are usually more accurate
c) primary data are usually non specific
d) primary data ...
Dreamland Pillow Company sells the "Old Softy" model for $20 each. One pillow requires two pounds of
raw material and one hour of direct labor to manufacture.
Raw material costs $3 per pound and direct production labor is paid $4 per hour. Fixed supervisory costs
are $2,000 per month and Dreamland rents its factory on a five-year lease for $4,000 per month. All
costs are considered costs of production.
Another firm has offered to produce "Old Softy" pillows and sell them to Dreamland for $12 each.
Dreamland cannot avoid the factory lease payments, but can avoid all labor costs if it does not produce
these pillows. Under these conditions, how many "Old Softy" pillows must Dreamland sell to earn
monthly gross profits of $1,000?
(A) 417
(B) 500
(C) 625
(D) 875 - ANSWER✔✔-(C) 625
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