Davidson Production Provides the Following Information on the Year 2012

question 130

Multiple Choice

Davidson Production provides the following information on the year 2012:
$$\begin{array} { | l | r | r | } \hline \text { COST OF GOODS MANUFACTURED } & & \\\hline \text { Beginning work in process } & & \$ 5,500 \\\hline \text { Direct materials used: } & \$ 71,000 & \\\hline \text { Direct labor } & 37,000 & \\\hline \text { Manufacturing overhead } & 242,000& \\\hline \text { Total mfg costs incurred } & & 350,000 \\\hline \text { Total mfg costs to account for } & &355,500 \\\hline \text { Ending work in process } & & ( 7,500) \\\hline \text { Cost of goods manufactured } & & \$ 348,000 \\\hline\end{array}$$
During the year, Davidson produced 71,020 units of product. What was the unit product cost (cost to make each unit) ?
(Please round to the nearest cent.)

• A) $4.90
• B) $4.93
• C) $5.01
• D) $6.27

Distinguish between the different ways public agencies interact with elected officials and the legislative process.

Assess the effectiveness and challenges associated with various forms of citizen involvement.

Understand the different dimensions of collaboration and their importance in public administration.

Identify and describe activities that public managers can utilize to engage citizens in joint problem solving and decision-making.

---

Definitions:

Dow Jones Industrial Average

An index that represents the stock performance of 30 large, publicly-owned companies based in the United States.

Price-Weighted

A stock market index calculation method where stocks are weighted according to their price per share, rather than their total market capitalization.

Divisor

A numeric factor used in calculations to adjust stock indexes, reflecting changes in the composition of the index without affecting its overall value.

Money Market Instrument

Financial securities that provide liquidity and are considered low risk, such as treasury bills, certificates of deposit, and commercial paper, with maturities typically less than one year.