Olive Productions Utilizes Job-Order Costing for Textbook Production Jobs #64 and #66 Were Completed and Sold in February

question 69

Multiple Choice

Olive Productions utilizes job-order costing for textbook production.It allocates overhead at a rate of 130% of direct labor costs.The following is data regarding three jobs: $\begin{array}{llll}&\text { Work in Process }\\&\text { balance }&\text { Costs added in February }\\&\text { On Februany } 1&\text { Direct Labor }&\text { Direct Materials }\\\hline\text { Job \#64 } & \$ 600 & \$ 500 & \$ 200 \\\text { Job \#65 } & \$ 700 & \$ 300 & \$ 300 \\\text { Job \#66 } & \$ 500 & \$ 100 & \$ 250\end{array}$ Jobs #64 and #66 were completed and sold in February.How much is the balance in the Work in Process account at the end of February?

• A)$990
• B)$1,690
• C)$1,650
• D)$1,300

Understand the concept of land ethics and its proponents.

Recognize the importance of maintaining biodiversity and species at risk.

Understand the nature of the scientific process and its reliance on evidence, skepticism, and the testing of hypotheses.

Recognize the importance of reducing errors through standardized procedures and repeated measurements in scientific observations.

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Definitions:

Selective Exposure

The process of allowing only a portion of the information revealed to be organized, interpreted, and permitted into awareness.

Benefits Important To The Prospect

Features or aspects of a product or service that are particularly valued or needed by a potential client or customer.

Unique Product Features

Specific characteristics of a product that set it apart from competitors' offerings in the market.

Benefits

Advantages or positive outcomes that result from a product, service, or action.