Reference: 03-06
the Milo Company's Records for May Contained the Following

question 8

Multiple Choice

Reference: 03-06
The Milo Company's records for May contained the following information: $$\begin{array} { | l | l | l | } \hline \text { Actual direct labour-hours } & 9,000 & \text { hours } \\\hline \text { Actual direct labour cost } & \$ 47,000 & \\\hline \text { Direct material purchased } & 16,000 & \\\hline \text { Direct material used } & 14,000 & \\\hline \text { Cost of goods sold } & 100,000 & \\\hline \text { Overapplied overhead } & 5,000 & \\\hline \text { Ending inventories: } & & \\\hline \text { Raw materials } & 30,000 & \\\hline \text { Work in process } & 50,000 & \\\hline \text { Finished goods } & 70,000 & \\\hline\end{array}$$ The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs.
-The Cost of Goods Manufactured during the year was:

• A)$716,000.
• B)$766,000.
• C)$636,000.
• D)$736,000.

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Definitions:

Behavioral Style

Refers to an individual's consistent pattern of behavior, reaction, and interaction with others and the environment.

Primary Category

The main or most significant classification into which a subject, object, or idea is placed, based on its most defining attributes.

Primary Categories

The main or most fundamental classifications or divisions within a system or framework, serving as the basis for organization or analysis.

Learned Characteristics

Traits or behaviors acquired through experience or education rather than inherited.