Direct Materials and Direct Labor Costs Total $70,000 and Factory

question 80

Multiple Choice

Direct materials and direct labor costs total $70,000 and factory overhead costs total $100 per machine hour.If 200 machine hours were used for Job #333, what is the total manufacturing cost for Job #333?

• A)$20,000
• B)$70,200
• C)$70,000
• D)$90,000
• E)$100,000

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Definitions:

Population

The entire group of individuals or instances about whom the research is focused.

Sampling Error

The difference between a statistic derived from a sample and the corresponding statistic of the entire population, due to chance variation in selecting the sample.

Population

The entire group of individuals or items that a researcher or statistician is interested in studying.

Representative Sample

A fraction of the population that truly represents the attributes of the entire group.