Woodhead Inc

question 96

Multiple Choice

Woodhead Inc. manufactures one product. It does not maintain any beginning or ending 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. Its standard cost per unit produced is $37.45. During the year, the company produced and sold 24,400 units at a price of $47.40 per unit and its selling and administrative expenses totaled $92,000. The company does not have any variable manufacturing overhead costs. It recorded the following variances during the year:

-When the company closes its standard cost variances,the Cost of Goods Sold will increase (decrease) by:

• A) ($36,300)
• B) $33,825
• C) ($33,825)
• D) $36,300

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Definitions:

Neuromuscular Junction

The point of contact between a motor neuron and the muscle fiber it controls, crucial for muscle contraction.

Axon Terminal

The endpoint of a neuron's axon where neurotransmitters are released to send signals to other neurons or muscles.

Motor End Plate

A specialized area of muscle cell membrane that interacts with a motor neuron to receive neural signals, facilitating muscle contraction.

Fascicle

A fascicle is a bundle of skeletal muscle fibers surrounded by connective tissue, contributing to the muscle structure.