Mars Supplies Company Provided the Following Information for the Year

question 57

Multiple Choice

Mars Supplies Company provided the following information for the year: $\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 24,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 58,000 \\\hline \text { Beginning Balance - Direct Materials Inventory } & 85,000 \\\hline \text { Ending Balance - Direct Materials Inventory } & 61,000 \\\hline \text { Purchases - Direct Materials } & 359,000 \\\hline \text { Direct Labor } & 470,000 \\\hline \text { Indirect Labor } & 21,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 24,000 \\\hline \text { Plant Utilities and Insurance } & 268,000 \\\hline\end{array}$ What was the amount of the manufacturing overhead costs?

• A) $313,000
• B) $45,000
• C) $292,000
• D) $491,000

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Definitions:

Elements

Fundamental components or essential parts that make up a larger system or concept.

Ethical Action

Behavior or conduct that is right, good, and beneficial to both the individual and society, based on ethical principles.

Consequentialism

A moral theory that judges the rightness or wrongness of an action based on the outcomes or consequences it produces.

Ultimate Goal

The primary aim or final objective intended to be achieved in any given endeavor or system.