The Following Information Is Available from the Records of Diamond

question 161

Multiple Choice

The following information is available from the records of Diamond Cut, Inc.: $$\begin{array} { l c } \text { Direct Materials-Assembly Department } & \$ 10,000 \\\text { Direct Materials-Finishing Department } & 15,000 \\\text { Direct Labor-Assembly Department } & 11,000 \\\text { Direct Labor-Finishing Department } & 20,000 \\\text { Applied Overhead-Assembly Department } & 11,000 \\\text { Applied Overhead-Finishing Department } & 20,000 \\\text { Actual Overhead-Assembly Department } & 12,500 \\\text { Actual Overhead-Finishing Department } & 17,500\end{array}$$ What are the conversion costs in the Finishing Department?

• A)$35,000
• B)$37,500
• C)$40,000
• D)$57,500

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a tendency to view other cultures through one’s own cultural lens.

Culturally Diverse

Refers to the inclusion of individuals from various cultural, ethnic, and racial backgrounds.

Low-context Culture

A communication style where messages are explicit and clear, relying less on situational context and more on direct words.

Written Information

Content or data that is expressed through writing, as opposed to being delivered orally or through nonverbal mediums.