Madison Inc

question 27

Multiple Choice

Madison Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $18000 of materials $9000 of direct labor costs and $6000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15000 and the ending balance is $9000. During the year the company completed 25 machines. How much is the cost per machine?

• A) $1080
• B) $1560
• C) $1320
• D) $1920

Evaluate the suitability of communication channels based on various factors including the receiver's needs and the environmental context.

Understand the importance and implications of cultural differences in individualism and collectivism in international business settings.

Comprehend the Big Five Personality Dimensions and their relevance in hiring and work-related behaviors.

Identify the limitations and potential errors in stereotyping based on nationality or cultural background.

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Definitions:

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities markets and protecting investors.

Retains

The portion of earnings that a company decides to keep or retain rather than distribute to shareholders in the form of dividends.

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or stock.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including both public investors and restricted company insiders.