Management of Mcgibboney Corporation Has Asked Your Help as an Intern

question 49

Multiple Choice

Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. Direct materials cost was $42,000, direct labor cost was $25,000, and manufacturing overhead was $62,000. Selling expense was $21,000 and administrative expense was $38,000.The prime cost for November was:

• A) $79,000
• B) $59,000
• C) $67,000
• D) $87,000

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Definitions:

Natural Selection

The process where organisms better adapted to their environment tend to survive and produce more offspring, a fundamental concept in evolutionary biology.

Diploid

A cell or organism that has two sets of chromosomes, one from each parent, typical of most adult organisms.

Alleles

Different forms of a gene that can exist at a specific locus on a chromosome, contributing to the genetic diversity of organisms.

Hardy-Weinberg Principle

A rule that declares the frequencies of alleles and genotypes in a population will stay unchanged over time if there are no other evolutionary factors at play.