Use the Following Information for the Next 4 Questions

question 120

Multiple Choice

Use the following information for the next 4 questions.
Rayfield Company's management accountant collected the following inventory and transaction data for the month: The cost of goods available for sale was $1,370. Total manufacturing costs assigned to work-in-process during the month was $1,170. Manufacturing overhead was $334; and direct materials used were $386.
-Direct labor costs incurred during the month were

• A) $450
• B) $458
• C) $720
• D) $844

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Definitions:

Performance Targets

Specific goals established to evaluate the effectiveness and efficiency of operations or individuals.

Tactical Goals

Short-term objectives designed to implement the broader strategies of an organization, focusing on how to operationalize actions needed to achieve higher level goals.

Objectives

Specific, measurable goals set by an individual or organization aiming to achieve desired outcomes.

Missions

Statements that define the core purpose of an organization, why it exists, and its intentions toward its stakeholders.