Golden Ring Company Produces Two Types of Product: Large and Larger

question 115

Multiple Choice

Golden Ring Company produces two types of product: Large and Larger. Two work orders for two batches of the products are shown below, along with some additional cost information: $\begin{array} { l }&\text { Large } & \text { Larger } \\&\text { Work Order } 10 & \text { Work Order } 11\\\text {Direct materials (actual costs) }&\$45,000&\$75,000\\\text { Applied conversion costs:}\\\text {Mixing }&?&?\\\text { Cooking } & \$ 12,000 & \$ 12,000 \\\text { Bottling } & \$ 10,000 & \$ 15,000 \\\\\text { Batch size (bottles) } & 5,000 & 5,000\end{array}$
In the Mixing Department, conversion costs are applied on the basis of direct labor hours. Budgeted conversion costs for the department for the year were $50,000 for labor and $125,000 for overhead. Budgeted direct labor hours were 2,500. It takes three minutes to mix the ingredients needed for each bottle.
Large (Work Order 10) and Larger (Work Order 11) flow through the Mixing Department first, then through the Cooking and Bottling departments.
What is Golden Ring Company's amount transferred from the Mixing Department to the Cooking Department for Work Order 10?

• A)$45,000
• B)$62,500
• C)$39,500
• D)$84,500

Recognize the proportional size relationship between the datum-target symbol and the drawing lettering.

Understand the factors leading to the termination of an agency relationship by the act of the parties.

Comprehend the roles and responsibilities in an agency relationship, specifically the agent's obligation to follow the principal's instructions.

Identify the differences between revocation and renunciation in the context of agency termination.

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Definitions:

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A very specific group of customers within a market, characterized by particular and distinct preferences or needs.

Big Data

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