Rilloto Ltd Uses a Standard Costing System The Cost of Direct Materials Added to Work in Process

question 116

Multiple Choice

Rilloto Ltd uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $3 and $10 per direct labour hour, respectively. Data relevant for the current period include: $$\begin{array} { | l | l | } \hline \text { Direct Materials Purchased } & 75,000 \mathrm { k } @ , \$ 11 \text { per kg } \\\hline \text { Direct Materials Used } & 75,000 \mathrm { k } \\\hline \begin{array} { l } \text { Standard quartity of direct materials for actual } \\\text { production }\end{array} & 80,000 \mathrm {~kg} \\\hline \text { Direct Materials stardard price } & \$ 13 \text { per kg } \\\hline \text { Direct labour costs incured } & 76,000 @ \$ 14 \text { per hour } \\\hline \begin{array} { l } \text { Standard Direct Lubour hours for actual } \\\text { production }\end{array} & 78,000 \text { hours } \\\hline \text { Stardard Direct Labour cost per hour } & \$ 15 \text { per hour } \\\hline \text { Variable overhead costs incured } & \$ 231,210 \\\hline \text { Fixed overhead costs ircured } & \$ 763,000 \\\hline\end{array}$$ The cost of direct materials added to work in process would be:

• A) $1,040,000
• B) $1,050,000
• C) $1,120,000
• D) $880,000

Recognize the implications of genetic uniformity and diversity on plant population survival.

Describe the principles and processes involved in plant grafting.

Identify and explain vegetative structures in plant reproduction.

Explain the importance of environmental containment strategies for invasive plant species.

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Definitions:

Fluid Excess

A condition where there is an abnormal increase in bodily fluid.

Ischemic Response

A physiological reaction to reduced blood supply to tissues, leading to a shortage of oxygen and glucose needed for cellular metabolism.

Vasomotor Center

A regulatory area in the medulla oblongata of the brain responsible for controlling blood vessel diameter and thus blood pressure.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured to assess heart and vascular health.