A Large Grocery Store Had 306 Cases of Canned Vegetables

question 95

Multiple Choice

A large grocery store had 306 cases of canned vegetables in the storeroom. During the past month the store removed 49 cases, 54 cases, 72 cases, and 102 cases among 306 cases from the shelves. Also the store received two lots of 80 cases each. How many cases are in the storeroom now?

• A) 189 cases
• B) 423 cases
• C) 503 cases
• D) 109 cases

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Definitions:

Machine Hours

A measure of the amount of time a machine is run, used in cost accounting to allocate expenses to products or job orders.

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative expenses.

Conversion Costs

The sum of labor costs and overhead costs associated with the manufacturing process, used to convert raw materials into finished products.

Factory Overhead Costs

Indirect manufacturing costs that are not directly tied to the production of goods, such as utilities, maintenance, and management salaries.