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:

DNA Polymerase

An enzyme that synthesizes DNA molecules from deoxyribonucleotides, the building blocks of DNA.

UV Radiation

Ultraviolet radiation, a type of energy emitted by the sun and artificial sources, which is invisible to the human eye and can damage living tissue.

Okazaki Fragments

Short sequences of DNA produced on the lagging strand during DNA replication, later joined to form a continuous strand.

Semiconservative Replication

The process by which DNA duplicates itself, where each of the two resulting DNA molecules consists of one new and one original strand.