Information from the Records of the Scully Company for July

question 104

Multiple Choice

Information from the records of the Scully Company for July was as follows:
$\begin{array}{llr} \text { Sales } &\$307,500\\ \text { Selling and administrative expenses } &52,500\\ \text {Direct materials used } &66,000\\ \text { Direct labour } &75,000\\ \text { Variable factory overhead} &50,000\\ \text {Factory overhead } &51,250\\\end{array}$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Inventories }$
$\begin{array}{lrr}&\text {July 1}&\text {July 31}\\\text { Direct materials } & \$ 8,000 & \$ 10,500 \\\text { Work in process } & 18,750 & 21,000 \\\text { Finished goods } & 17,250 & 14,250\end{array}$
Scully Corporation produced 20,000 units.
-Refer to the figure.What is the total product cost per unit?

• A)$12.1125
• B)$12.175
• C)$12.2375
• D)$14.7375

Identify and describe the stages and crises outlined in Erikson's psychosocial development theory.

Recognize the concepts of assimilation and accommodation in cognitive development.

Distinguish between the types of thinking and problem-solving abilities that emerge in different developmental stages according to Piaget.

Understand the importance of object permanence in the sensory-motor stage.

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Definitions:

Sales Budget

A detailed outline of a company's sales expectations for a certain period, including projected revenue and the resources needed to achieve those sales.

Inventory Policy

Guidelines and strategies a company employs to manage its inventory levels, ordering processes, and storage to balance customer demand with optimal inventory costs.

Production Units

Measures or quantities of product manufactured or processed in a given time frame.

Quarterly Sales

The total revenue generated from the sale of goods or services by a company during a three-month period.