In the Manufacture of 10,000 Units of a Product, Direct

question 194

Multiple Choice

In the manufacture of 10,000 units of a product, direct materials cost incurred was $165,000, direct labor cost incurred was $105,000, and applied factory overhead was $53,000. The total conversion cost is

• A)$218,000
• B)$158,000
• C)$323,000
• D)$53,000

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Definitions:

Proportion

A statistical measure that refers to the fraction of the total number of outcomes in a particular category.

Frequency Polygon

A graphical representation of the distribution of a dataset that shows how often each value in the dataset occurs.

Ogive

A graphical representation of the cumulative frequency or cumulative relative frequency on a graph.

Pie Chart

A circular statistical graphic which is divided into slices to illustrate numerical proportion.