The Following Is the Data for Lauren Enterprises $\text { Inventories }$

question 135

Multiple Choice

The following is the data for Lauren Enterprises: $\begin{array}{lr}\text { Selling and administrative expenses } & \$ 75,000 \\\text { Direct materials used } & 265,000 \\\text { Direct labor }(25,000 \text { hours) } & 300,000 \\\text { Factory overhead application rate } & \$ 16 \text { per DLH }\end{array}$

$\text { Inventories }$
$\begin{array}{lrr}&\text { Beginining } & \text { Ending }\\\hline\text { Direct materials } & \$ 50,000 & \$ 45,000 \\W \text { ork in process } & 75,000 & 90,000 \\\text { Finished goods } & 40,000 & 25,000\end{array}$
What is the cost of goods manufactured?

• A)$1,115,000
• B)$965,000
• C)$955,000
• D)$950,000

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Definitions:

Punish

The act of imposing a penalty or consequence on someone for their behavior or actions, often as a method of enforcing rules or discipline.

OB Mod

A management approach focusing on changing employees' behaviors through a system of rewards and punishments known as organizational behavior modification.

Reinforcement

In organizational behavior, the use of consequences to modify the occurrence and form of behavior through rewards or punishments.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.