Kellems Corporation Manufactures One Product

question 94

Multiple Choice

Kellems Corporation manufactures one product.It does not maintain any beginning or ending Work in Process inventories.The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold.The company has provided the following information:
The company does not have any variable manufacturing overhead costs and it recorded the following variances during the year:
The adjusted Cost of Goods Sold after closing all of the variances to Cost of Goods Sold will be closest to:

• A) $380,222
• B) $344,818
• C) $362,520
• D) $472,562

---

Definitions:

Creativity

The skill to come up with distinctive and rare ideas, or to invent something original or imaginative.

General Self-Efficacy

A person's belief in their overall ability to succeed in a wide range of tasks or handle different situations effectively.

Core Self-Evaluations

A personality trait reflecting the fundamental appraisals individuals make about their own worthiness, competence, and capabilities.

Happiness

A state of well-being and contentment characterized by positive emotions and fulfillment.