Use the Following to Answer Questions

question 57

Multiple Choice

Use the following to answer questions
Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:

-The standard cost for direct material is $45,000 if the company produces 10,000 units of product.Actual direct materials used to produce 10,500 units of product amounted to $48,300.What is the standard cost for the direct material at the actual level of production.

• A)$45,000
• B)$46,000
• C)$47,250
• D)$48,300

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Definitions:

Urban Areas

Designated regions characterized by higher population density and vast human features in comparison to areas surrounding them.

Homestead Act

Legislation passed in 1862 in the United States that granted 160 acres of public land to settlers for a small fee, provided they improve the land by building a dwelling and cultivating crops.

Founding Father

A member of the group of leaders who established the foundation of a nation, state, or political platform, often referred to in the context of the United States.

Collective Violence

Acts of violence committed by groups of individuals, ranging from spontaneous acts of public violence to organized acts by larger groups against others.