Beckett,Inc What Is the Amount of Direct Labor Incurred by Beckett,Inc

question 170

Multiple Choice

Beckett,Inc.reports the following cost information for March: $\begin{array} {| l | r | } \hline \text { Cost of Goods Manufactured } & \$ 75,000 \\\hline \text { Manufacturing Overhead } & 19,000 \\\hline \text { Finished Goods Inventory, March 1 } & 5000 \\\hline \text { Finished Goods Inventory, March 31 } & 2000 \\\hline \text { Work-in-Process Inventory, March 1 } & 9980 \\\hline \text { Work-in-Process Inventory, March 31 } & 1160 \\\hline \text { Direct Materials Used } & 25,400 \\\hline\end{array}$ What is the amount of direct labor incurred by Beckett,Inc.in March?

• A) $66,180
• B) $6400
• C) $75,000
• D) $21,780

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Definitions:

Money Demand

The desire to hold cash rather than other forms of assets due to its liquidity, determining how much money is needed for transactions, precautionary, and speculative motives.

Money Supply

The whole amount of cash, coins, and the funds in checking and savings accounts that make up the monetary resources within an economy at a specific period.

Monetary Policy

Government or central bank policies aimed at controlling the supply of money and interest rates in an economy.

Fiscal Policy

A government's strategy for managing its budget, especially through taxation and spending decisions, to influence the economy.