Greer Company Developed the Following Data for the Current Year

question 133

Multiple Choice

Greer Company developed the following data for the current year: $\begin{array}{ll}\text { Beginning work in process inventory } & \$ 102,000 \\\text { Direct materials used } & 156,000 \\\text { Actual overhead } & 132,000 \\\text { Overhead applied } & 138,000 \\\text { Cost of goods manufactured } & 675,000 \\\text { Total manufacturing costs } & 642,000\end{array}$
-How much is Greer Company's direct labor cost for the year?

• A)$381,000
• B)$450,000
• C)$348,000
• D)$246,000

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Definitions:

Hypothetical Thinking

The ability to consider multiple possibilities and outcomes of situations that are not necessarily rooted in current reality.

Formal Operational Stage

The stage in Piaget's theory of cognitive development (beginning around age 12) where individuals develop the ability to think abstractly, reason logically, and plan systematically.

Cognitive Development

The study of how thinking, problem solving, and intelligence change and mature through childhood into adulthood.

Object Permanence

The understanding that objects continue to exist even when they cannot be perceived.