Village Company's Selected Cost Data for 2012 Are Shown Below

question 133

Multiple Choice

Village Company's selected cost data for 2012 are shown below:
$\begin{array}{|l|r|}\hline \text { Cost of goods manufactured } & \$ 145,200 \\\hline \text { Work in process inventory, Jan. } 1,2012 & 18,500 \\\hline \text { Work in process inventory, Dec. } 31,2012 & 22,500 \\\hline \text { Direct materials used } & 15,800 \\\hline\end{array}$
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Assuming manufacturing overhead costs of $83,375, what is the amount of direct labor incurred by Village Company in 2012?

• A) $50,025
• B) $62,550
• C) $41,700
• D) $83,400

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Definitions:

Collection Class

A class in programming that implements the collection interface, providing data structures for storing and manipulating groups of objects.

Objects

Instances of classes in object-oriented programming, representing entities with state and behavior.

Values

In programming, data assigned to variables, or the actual information processed by computer programs.

One Dimensional Array

A data structure that contains a sequence of elements accessible by a single index, representing a linear collection of elements.