Figure 5-6

question 178

Multiple Choice

Figure 5-6.Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers' specifications. Stutz uses job-order costing to keep track of its costs. In February it worked on three jobs. Data for these jobs are as follows:
Overhead is applied to jobs at the rate of $25 per machine hour. By February 28, Job 178 is the only one unfinished. The balance of Finished Goods on February 1 is $94,000 (consisting of Job 177) . Jobs 177 and 179 are sold during February. Stutz sells its product at cost plus 40%.
-Refer to Figure 5-6. What is sales revenue for February?

• A) $219,500
• B) $175,700
• C) $131,600
• D) $307,300
• E) $237,300

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Definitions:

Major Product

The product formed in the greatest amount in a chemical reaction, determined by the mechanism and conditions of the reaction.

Likely Products

Refers to the expected substances that result from a chemical reaction, based on the reactants and conditions.

Predominate Product

The main or most abundant product formed in a chemical reaction under the given set of conditions.

Major Product

The product that is formed in the greatest amount in a chemical reaction.