MegaRock Produces Quick Setting Concrete Mix

question 13

Multiple Choice

MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in April, 190,000 tons were completed. Material costs were $3,152,000 for the month while conversion costs were $591,000. There was no beginning work-in-process; the ending work-in-process was 70% complete.
- What is the cost of the product that remains in work-in-process?

• A) $591,000.
• B) $131,005.
• C) $187,150.
• D) $133,000.

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Definitions:

Lower Cost

A strategic advantage or objective involving reducing expenses to offer products or services at a competitive price point.

Marketing Plans

Structured strategies that outline the objectives, tactics, and measurement tools for achieving marketing goals within a specified timeframe.

Marketing Metrics

Quantitative measurements used to gauge and evaluate the effectiveness of marketing strategies and initiatives, such as return on investment (ROI), customer acquisition cost, and conversion rates.

Differentiation Focus

A business strategy that targets a specific market segment, offering unique features that appeal to its particular preferences or needs.