Ranges Ltd

question 36

Multiple Choice

Ranges Ltd. produces refrigerators and stoves in an assembly-line process. Labour costs incurred during a recent period were: corporate executives, $100,000; assembly-line workers, $80,000; security guards, $18,000. The total of Ranges' direct labour cost was:

• A)$18,000
• B)$80,000.
• C)$98,000.
• D)$118,000.
• E)$198,000

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Definitions:

Empty Nest

The stage in a parent's life when their children have left home to live independently.

Launching Stage

A phase in family life cycle theory where grown children leave their parents' home to establish their independent lives.

Free Play Time

Unstructured and voluntary play that allows individuals, especially children, to engage in activities of their own choosing.

Contra-liability Account

An account on the balance sheet that reduces the total amount of liabilities, working opposite to the way most liabilities function.