Archetype Fabrication Makes Pre-Stressed Concrete Forms for the Building Industry

question 125

Multiple Choice

Archetype Fabrication makes pre-stressed concrete forms for the building industry. They use just-in-time production and accounting methodology. At the beginning of January, selected account balances are shown in the T-accounts below. During January, the following 5 transactions take place:
1) Purchase $40,000 of materials on account.
2) Pay out $25,000 of direct labor costs.
3) Incur $9,000 of manufacturing overhead costs.
4) Complete 12 units. Each unit includes $1,500 of materials, $300 of direct labor, and $150 of manufacturing overhead costs.
5) Sell 10 of the 12 completed units at a price of $2,200.
-
Use the T-accounts shown above to record the transactions, and then answer the following question:
After transaction number 5, what was the balance in the Conversion costs account?

• A) $28,600
• B) $19,600
• C) $24,900
• D) $16,400

---

Definitions:

Sleep Debt

The cumulative effect of not getting enough sleep, which can affect mental and physical health.

Unrestricted Sleep

The state or condition of having the ability to sleep without limitations or constraints, allowing natural sleep cycles and patterns to occur.

Sleep Apnea

Sleep apnea is a sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, leading to disrupted sleep and various health issues.

Night Terrors

Intense episodes of fear that occur during sleep, often causing a person to wake up screaming or in a panic, typically affecting children.