Given the Following Data: Cost of Materials Used

question 158

Multiple Choice

Given the following data: Cost of materials used
$45,000
Direct labor costs
48,000
Factory overhead
39,000
Work in process, beg.
28,000
Work in process, end.
18,000
Finished goods, beg.
28,000
Finished goods, end.
18,000
What is cost of goods sold?

• A) $152,000
• B) $142,000
• C) $10,000
• D) $128,000

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Definitions:

Initiation Of Change

The process of starting to implement actions that will alter the status quo within an organization or system.

Top-Down Change

Organizational change initiatives that are initiated by upper management and imposed on lower levels of the organization, often requiring compliance.

Organizational Structure

Describes how activities such as task allocation, coordination, and supervision are directed towards the achievement of organizational aims.

Performance Improvement

The efforts to increase effectiveness and efficiency in achieving organizational goals.