Table 15-1
Labor Data for Aridia -Refer to Table 15-1

question 180

Multiple Choice

Table 15-1
Labor Data for Aridia
$$\begin{array} { | l | c | c | c | } \hline \text { Year } & \mathbf { 2 0 1 0 } & \mathbf { 2 0 1 1 } & \mathbf { 2 0 1 2 } \\\hline \text { Adult population } & 2000 & 3000 & 3200 \\\hline \text { Number of emplayed } & 1400 & 1300 & 1600 \\\hline \text { Number of unemplayed } & 200 & 600 & 200 \\\hline\end{array}$$
-Refer to Table 15-1. The unemployment rate of Aridia in 2012 was

• A)6.25%.
• B)11.1%.
• C)12.5%.
• D)56.25%.

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Definitions:

Raw Materials Inventory

The stock of materials used in the manufacturing process before they are transformed into finished goods.

Manufacturing Costs

Expenses directly related to the production of goods, including direct labor, direct materials, and manufacturing overhead.

Job Order Cost System

An accounting system used to accumulate costs and assign them to specific jobs or orders, facilitating detailed cost tracking and analysis.

Factory Labor

The workforce directly involved in producing goods, including both wages and benefits for these employees.