Leandro Corp There Were No Work in Process Inventories and 1,000 Podiums

question 127

Multiple Choice

Leandro Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are given for April: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Cutting } } & { \text { Assembly } } & { \text { Finishing } } \\\hline \text { direct materials } & \$ 7,000 & \$ 10,000 & \$ 3,000 \\\hline \text { direct labor } & 3,000 & 14,000 & 2,000 \\\hline \text { applied overhead } & 4,000 & 5,000 & 6,000 \\\hline\end{array}$$ There were no work in process inventories and 1,000 podiums were produced.
What is the cost transferred out of the assembly department.

• A)$43,000
• B)$54,000
• C)$29,000
• D)$14,000
• E)none of the above

Compare the acidity of organic compounds with common inorganic acids and bases.

Understand the relationship between quality/attributes of items (oil quality, textbook size, movie star fame) and their economic value (price, revenue).

Learn how to estimate values (e.g., price, revenue) using regression analysis and confidence intervals.

Understand the concept and application of prediction intervals.

---

Definitions:

Breach of Contract

A violation of any of the agreed-upon terms and conditions of a legal contract.

Punitive Damages

Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.

Mutual Assent

An agreement between parties that is reached after each party has a clear understanding of the terms and decides to enter the agreement.

Valid Offer

A proposal made by one party to another intending to create a legally binding agreement, subject to acceptance.