Tierney Construction,Inc

question 74

Multiple Choice

Tierney Construction,Inc.recently lost a portion of its financial records in an office theft.The following accounting information remained in the office files:
Direct labor cost incurred during the period amounted to 2.5 times the factory overhead.The CFO of Tierney Construction,Inc.has asked you to recalculate the following accounts and to report to him by the end of tomorrow.
What should be the amount of total manufacturing cost?

• A)$83,000.
• B)$94,000.
• C)$108,000.
• D)$75,000. = $94,000 = $24,000 Direct Materials Used + $50,000 Direct Labor + $20,000 Overhead = $94,000 Total Manufacturing Cost Where Direct Labor = 2.5($20,000)= $50,000

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Definitions:

Visionary Organization

An organization characterized by its forward-thinking approach and strategic planning to innovate and shape its future industry or sector.

Marketing Environment

Consists of the internal and external factors that affect a company's marketing strategies, including economic, technological, sociocultural, and regulatory forces.

Mission Statement

A concise statement that defines the goals, ethics, culture, and fundamental purpose of an organization or company.

Diversification Analysis Matrix

A tool used in strategic management and planning to evaluate the degree of diversification within a company's portfolio of businesses or products.