Colil Computer Systems, Inc

question 15

Multiple Choice

Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the production process. During January, the accounting department noted that there was no beginning inventory. Direct materials of $301,000 were used in production during the month. Work-in-process records revealed that 12,000 card units were started in January, 6000 card units were complete, and 4000 card units were spoiled as expected. Ending work-in-process card units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete.
What is the direct material cost assigned to good units completed? (Please round interim calculations to the nearest cent, and final calculations to the nearest whole dollar.)

• A) $150,480
• B) $258,000
• C) $100,320
• D) $250,800

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Definitions:

Alternative Hypotheses

Hypotheses that propose there is a difference, effect, or relationship in a population, in contrast to the null hypothesis which suggests no effect or relationship.

Null Hypothesis

A statement in statistical analysis that assumes no effect or no difference between groups or variables.

One-Sample Test

A statistical procedure used to determine whether a sample comes from a population with a specific characteristic.

Hypothesized Value

A specific value or parameter that a researcher expects to find according to a certain hypothesis.