Reference: 03-08
the Bus Company Uses a Job-Order Costing System

question 40

Multiple Choice

Reference: 03-08
The Bus Company uses a job-order costing system. The following information was recorded for September:
The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour-hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer. $$\begin{array} { | l | l | l | l | } \hline & & { \text { Added During September } } \\\hline \text { Job Number } & \begin{array} { l } \text { September 1 } \\\text { Inventory }\end{array} & \begin{array} { l } \text { Direct } \\\text { Materials }\end{array} & \text { Direct Labour } \\\hline 1 & \$ 1,000 & \$ 300 & \$ 200 \\\hline 2 & 1,400 & 250 & 300 \\\hline 3 & 500 & 1,500 & 150 \\\hline 4 & 750 & 4,000 & 400 \\\hline\end{array}$$
-The Cost of Goods Manufactured for September is:

• A)$10,750.
• B)$7,625.
• C)$11,275.
• D)$5,925.

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Definitions:

Cortisol Levels

The concentration of cortisol, a hormone produced by the adrenal glands, which is often measured to assess stress response or adrenal function.

Epinephrine Levels

The concentration of epinephrine, also known as adrenaline, a hormone and neurotransmitter involved in the body's fight-or-flight response.

Pleasant Events

Activities or occurrences that induce positive emotions and enjoyment.

Selye

Hans Selye, an endocrinologist known for his research on stress and for defining the General Adaptation Syndrome.