The Records for the Previous Year for Sarasota Boat Builders

question 40

Multiple Choice

The records for the previous year for Sarasota Boat Builders, Inc., shows the following data: $$\begin{array} { l r r } \text { Selling and administrative expenses } & \$ 300,000 \\\text { Direct materials used } & 530,000 \\\text { Direct labor (100,000 hours) } & 600,000 \\\text { Factory overhead application rate } & \$ 5 \text { per DLH } \\\end{array}$$


$\text { Inventories }$
$\begin{array}{lrr}&\text { Beginining } & \text { Ending }\\\hline\text { Work in process } & \$ 150,000 & \$ 160,000 \\\text { Finished goods } & 80,000 & 50,000\end{array}$
The cost of goods sold is

• A)$1,630,000.
• B)$1,880,000.
• C)$1,600,000.
• D)$1,650,000.

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Definitions:

Glass Ceiling

An unofficially acknowledged barrier to advancement in a profession, especially affecting women and minorities.

Balancing Career

The process of managing professional responsibilities and goals while maintaining a healthy personal life.

Old Boys' Club

An informal system where the social connections among men, often from similar socio-economic and educational backgrounds, are used to gain professional advantages.

Informal Communication

The exchange of information and ideas in a casual, unstructured format, often within social networks or relationships rather than through official channels.