Reference: 11-04
Cole Laboratories Makes and Sells a Lawn Fertilizer

question 66

Multiple Choice

Reference: 11-04
Cole laboratories makes and sells a lawn fertilizer called Fastgro. The company has developed standard costs for one bag of Fastgro as follows: $$\begin{array} { | l | l | l | } \hline & \text { Standard Quantity } & \begin{array} { l } \text { Standard Cost per } \\\text { Bag }\end{array} \\\hline \text { Direct material } & 20 \text { grams } & \$ 8.00 \\\hline \text { Direct labour } & 0.1 \text { hours } & \$ 1.10 \\\hline \text { Variable manuf. overhead } & 0.1 \text { hours } & \$ 0.40 \\\hline\end{array}$$ The company had no beginning inventories of any kind on Jan. 1. Variable manufacturing overhead is applied to production on the basis of direct labour hours. During January, the following activity was recorded by the company:
Production of Fastgro: 4,000 bags
Direct materials purchased: 85,000 grams at a cost of $32,300
Direct labour worked: 390 hours at a cost of $4,875
Variable manufacturing overhead incurred: $1,475
Inventory of direct materials on Jan. 31: 3,000 grams
-The terms "standard quantity allowed" or "standard hours allowed" mean:

• A)the standard output in units multiplied by the standard input allowed.
• B)the actual output in units multiplied by the standard input allowed.
• C)the actual input in units multiplied by the standard output allowed.
• D)the actual output in units multiplied by the standard output allowed.

Explore the role of media and diverse representation in shaping self-perceptions and possibilities.

Distinguish the various methods and theories related to memory retention and the processing of self-relevant information.

Understand various contraceptive methods and their effectiveness.

Identify the health risks and side effects associated with hormonal contraceptives.

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Definitions:

Osborn's Creativity Process

A creative-thinking process that involves brainstorming and generating a large amount of ideas to solve a problem without immediate critique or evaluation.

Verification Stage

A phase in various processes where the truth, accuracy, or validity of something is confirmed or validated.

Moment of Discovery

The instance when new, significant information is uncovered, often leading to a deeper understanding or a novel perspective.

Analogy Technique

A method of problem-solving or explanation that compares two different things by highlighting their similarities.