Costs of Goods Manufactured of SuperK Company Are Shown Below $\quad$

question 53

Multiple Choice

Costs of goods manufactured of SuperK Company are shown below:
SUPERK COMPANY
Cost of Goods Manufactured
Year Ending December 31, 2020
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Beginning wark in process: $\quad$ $\quad$ $\quad$ $\quad$$\$ 15,000$ Direct materials:
$\begin{array}{llcc}\text {Beginning raw materials}&\$14,000\\\text {Raw material purchases}&\underline{22,000}\\\text {Total raw materials available for use}&36,000\\\text {Ending raw materials}&\underline{5,500}\\\text {Direct materials used.}&&30,500\\\text {Direct Labour}&&6,000\\\text {Total manufacturing overhead}&&\underline{10,500}\\\text {Ending work in process.}&&\underline{18,000}\\\text {Cost of Goods Manufactured}&&\underline{\$44,000}\end{array}$
How much is the total manufacturing cost?

• A)$20,500
• B)$23,000
• C)$47,000
• D)$44,000

Understand the methodology of developing, presenting, and justifying business decisions through reports.

Understand the components and purpose of a business plan.

Grasp various organizational strategies in business writing, focusing on topical organization.

Develop an understanding of the differentiation between solicited and unsolicited proposals.

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Definitions:

Economies

The large set of interrelated production and consumption activities that aid in determining how scarce resources are allocated.

Diseconomies

Circumstances where increasing the scale of production leads to higher per-unit costs, often due to inefficiencies gained at larger scales.

Average Total Costs

The average cost per unit is calculated by dividing the entire production cost by the quantity of units produced.

Total Fixed Costs

The sum of all costs that remain constant in total amount regardless of changes in the level of production or output.