At the Beginning of the Year,Rangle Company Expected to Incur

question 148

Multiple Choice

At the beginning of the year,Rangle Company expected to incur $54,000 of overhead costs in producing 6,000 units of product.The direct material cost is $20 per unit of product.Direct labor cost is $30 per unit.During January,600 units were produced.The total cost of the units made in January was:

• A) $30,000
• B) $5,400
• C) $35,400
• D) None of the answers are correct.

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Definitions:

Valid

Having a sound basis in logic or fact; accurately representing the truth or reality.

Performance Appraisal

A process by which an employee's job performance is evaluated, typically by their supervisor, to provide feedback, identify areas for improvement, and guide decisions regarding promotions, pay raises, and development opportunities.

Managers

Individuals within an organization responsible for directing and overseeing the work of others, making strategic decisions, and ensuring goals are met.

Performance Appraisals

The systematic evaluation of an employee's job performance and productivity in relation to pre-established criteria and organizational objectives.