The Following Information Was Extracted from the Accounting Records of Petunia

question 73

Multiple Choice

The following information was extracted from the accounting records of Petunia Manufacturing Company: $$\begin{array} { l r } \text { Direct materials purchased } & \$ 95,000 \\\text { Direct material s used } & 76,000 \\\text { Direct manufacturing labor costs } & 10,000 \\\text { Indirect manufacturing labor costs } & 12,000 \\\text { Sales sal aries } & 33,000 \\\text { Other factory expenses } & 22,000 \\\text { Selling and administrative expenses } & 40,000\end{array}$$ The cost of goods manufactured is _____.

• A)$120,000
• B)$128,000
• C)$154,000
• D)$162,000

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Definitions:

Money Supply Growth Rate

The rate at which the amount of money available in an economy is increasing over a specific period.

Unemployment

The condition of being without a job despite actively looking for work.

Aggregate-Demand Curve

A curve that shows the quantity of goods and services that households, firms, the government, and customers abroad want to buy at each price level

Trade-Off

A situation that involves losing one quality or aspect of something in return for gaining another quality or aspect.