Ending Work-In-Process for Lee's Carpentry Was $64,000 for January

question 47

Multiple Choice

Ending Work-in-Process for Lee's Carpentry was $64,000 for January.Direct labor and direct materials together for the month were $39,000.Direct labor was twice as much as direct materials.The overhead rate is 70% of direct labor.No jobs were finished during the month.What was beginning Work-in-Process?

• A) $6,800
• B) $25,000
• C) $4,250
• D) $15,250
• E) $0

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Definitions:

Conformity to Norms

The act of aligning behaviors, attitudes, and practices with the established standards or expectations of a group or society.

Team Performance

The level of effectiveness and efficiency with which a team achieves its goals and objectives.

Norming Stage

The third stage of team development, in which team members resolve conflicts, develop cohesion, and start to work more efficiently towards their objectives with established norms and structures.

Emotionality

The quality or state of being emotional; the capacity or tendency to perceive or express emotions.