The Following Cost Data for the Month of May Were

question 71

Multiple Choice

The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: (CIA adapted)
$$\begin{array} { l r } \text { Depreciation on factory equipment } & 1,000 \\\text { Depreciation on sales office } & 500 \\\text { Advertising } & 7,000 \\\text { Wages of production workers } & 28,000 \\\text { Raw materials used } & 47,000 \\\text { Sales salaries and cornrnissions } & 10,000 \\\text { Factory rent } & 2,000 \\\text { Factory insurance } & 500 \\\text { Materials handling } & 1,500 \\\text { Adrnirnistrative salaries } & 2,000\end{array}$$
Based upon this information, the manufacturing cost incurred during the month was:

• A) $78,500.
• B) $80,000.
• C) $80,500.
• D) $83,000.

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Definitions:

Independent Variable

In an experiment, it is the variable that is controlled or changed to test its effects on the dependent variable.

Chocolate

A sweet, typically brown food preparation of roasted and ground cacao seeds, often sweetened and consumed as confectionery.

Medical Placebos

Substances with no therapeutic effect that are used in clinical trials to compare the effects of actual drugs on patients' health conditions.

Active Ingredients

The components in a substance that are responsible for its therapeutic effects.