Selected Data Concerning the Past Year’s Operations of the Karl

question 176

Multiple Choice

Selected data concerning the past year’s operations of the Karl Enterprises are as follows:
$\begin{array}{lr}\text { Selling and administrative expenses } & \$ 75,000 \\\text { Direct materials used } & 265,000 \\\text { Direct labour (25,000 hours) } & 300,000 \\\text { Factory overhead application rate } & 16 \text { per DLH }\end{array}$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Inventories }$
$\begin{array}{crr}&\text { Beginning}&\text { Ending}\\\text { Direct materials } & \$ 50,000 & \$ 45,000 \\\text { Work in process } & 75,000 & 90,000 \\\text { Finished goods } & 40,000 & 25,000\end{array}$
-Refer to the figure.What is the cost of goods manufactured?

• A)$950,000
• B)$955,000
• C)$965,000
• D)$1,115,000

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Definitions:

Dehydration

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3,4-Methylenedioxymethamphetamine, a synthetic drug that alters mood and perception, commonly associated with nightclub scenes and known as ecstasy.

Physiological Measures

Quantitative assessments of bodily functions used in psychological and medical research, such as heart rate or blood pressure.

Conscious Awareness

The state of being mentally alert and consciously aware of one's thoughts, feelings, and surroundings.