During Its First Year of Operations,Connor Company Paid $50,000 for Direct

question 98

Multiple Choice

During its first year of operations,Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers.Lease payments and utilities on the production facilities amounted to $14,000.General,selling,and administrative expenses were $16,000.The company produced 5,000 units and sold 4,000 units for $30.00 a unit.The average cost to produce one unit is which of the following amounts?

• A) $20.00
• B) $16.00
• C) $18.40
• D) $25.00

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Definitions:

Concrete-Operational Children

A developmental stage in Piaget's theory, typically from ages 7 to 11, when children gain a better understanding of concrete events and logical operations but still struggle with abstract concepts.

Egocentric

The habit of interpreting all events and situations with regard to one's own personal perspective, neglecting the viewpoints or emotions of other people.

Transitivity

In logic and mathematics, a property of relations that states if relation A exists between B and C, and relation A also exists between C and D, then A must exist between B and D as well.

Decentration

A cognitive ability to consider multiple aspects of a situation rather than focusing on just one.