DynaVenture Enterprises Uses a Process Costing System

question 86

Multiple Choice

DynaVenture Enterprises uses a process costing system.During May, the Processing Department transferred out 43,000 units.The Work in Process Inventory at May 31 in the Processing Department consisted of 3,200 equivalent units of material and 960 equivalent units of labor and overhead.The cost per equivalent unit was $1.50 for materials and $3.20 for labor and overhead.Which of the following amounts will you find reported as "Total Cost to Account for" in the production cost report for May?

• A)$209,972
• B)$202,100
• C)$217,140
• D)$206,612

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Definitions:

Sensory Receptors

Sensory organs that detect physical stimulation from the external world and change that stimulation into information that can be processed by the brain.

Thalamus

A subcortical forebrain structure; the gateway to the brain for almost all incoming sensory information before that information reaches the cortex.

Cortex

The outermost layer of the brain, responsible for higher brain functions such as thought, reasoning, memory, and voluntary movement.

Cerebral Cortex

The outermost layer of the brain, responsible for complex behaviors including thought, emotion, and motor function.