On March 9, 2018, Job XX4 Was Completed

question 116

Multiple Choice

On March 9, 2018, Job XX4 was completed. The job cost sheet showed a total of $6,000 in direct materials and $8,000 in direct labor at a rate of $20 per direct labor hour. Factory overhead is applied at $30 per direct labor hour. The debit to Finished Goods Inventory to record the completion of Job XX4 is

• A)$17,000.
• B)$11,000.
• C)$6,000.
• D)$26,000.

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Definitions:

Level of Intangibility

A characteristic of services describing the extent to which they cannot be seen, touched, or possessed physically, impacting how they are marketed and sold.

Advertising Agency

An Advertising Agency is a service-based business dedicated to creating, planning, and handling advertising (and sometimes other forms of promotion) for its clients.

Tutoring Service

A service that provides individualized or group teaching outside of the traditional educational institutions to enhance understanding in specific subjects.

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.