Upon Completing a Job, Direct Materials Totaled $4,500; Direct Labor

question 75

Multiple Choice

Upon completing a job, direct materials totaled $4,500; direct labor, $2,500; and factory overhead, $3,500.Units produced totaled 2,100.What is the per unit cost?

• A) $2
• B) $1
• C) $3
• D) $5

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Definitions:

Securities Act of 1933

A U.S. federal law enacted to ensure transparency and fairness in the securities market, requiring that investors receive significant information regarding securities being offered for public sale.

Due Diligence Defense

A legal defense whereby the defendant can avoid liability by proving that they took all possible steps to avoid committing an offence.

Registration Statement

A formal document filed with regulatory authorities that provides details about an investment offering for sale to the public, often associated with securities.

Investment Company Act of 1940

A U.S. federal law that regulates the organization and activities of investment companies, primarily focused on protecting investors.