A Manufacturing Cell Has the Theoretical Capability of Producing 40,000

question 50

Multiple Choice

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter.The conversion cost per quarter is $25,000.There are 4,000 production hours available within the cell per quarter.What is the theoretical cycle time per unit in minutes?

• A)0.625 minutes
• B)6.000 minutes
• C)8.400 minutes
• D)37.500 minutes

Analyze T-account transactions to determine ending balances in various accounts such as Work in Process, Finished Goods, and Manufacturing Overhead.

Calculate the cost of goods manufactured using given job-order costing data.

Understand the role of direct labor hours in the allocation of manufacturing overhead.

Determine the cost of goods sold upon adjustment for underapplied or overapplied manufacturing overhead.

---

Definitions:

National Income Accountants

Economists who calculate the nation's total income, including GDP and GNP.

GDP

The Gross Domestic Product serves as a gauge for a country's economic output, encapsulating the aggregate value of goods and services generated within a set period.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of the world's economies.

Free Traders

Individuals or entities advocating for minimal restrictions on international trade, believing it enhances economic efficiency and benefits all countries involved.