Information from the Records of the Abel Corporation for July

question 162

Multiple Choice

Information from the records of the Abel Corporation for July 2018 was as follows: $\begin{array}{lr}\text { Sales } & \$ 1,230,000 \\\text { Selling and administrative expenses } & 210,000 \\\text { Direct materials used } & 264,000 \\\text { Direct labor } & 300,000 \\\text { Factory overhead * } & 405,000 \\\text { *variable overhead is } \$ 205,000 \text {, fixed overhead is } \$ 200,000 \end{array}$

$\text { Inventories }$
$\begin{array}{lrr}&\text { July 1, } 2018 & \text { July } 31,2018\\\hline\text { Direct materials } & \$ 36,000 & \$ 42,000 \\\text { Work in process } & 75,000 & 84,000 \\\text { Finished goods } & 69,000 & 57,000\end{array}$ The conversion cost is

• A)$960,000
• B)$1,179,000
• C)$705,000
• D)$564,000

---

Definitions:

Client Transference

A psychological phenomenon in therapy where the client projects feelings and attitudes from past relationships onto the therapist.

Interpreting

The process of explaining or providing the meaning of information or data.

Self-Disclosing

The act of revealing personal or private information about oneself to others.

Immediate Relationship

A direct and close connection between two entities, often characterized by a significant degree of interaction.