R-Cubed Manufactures Custom Playground Equipment from Recycled Plastics for City

question 71

Multiple Choice

R-Cubed manufactures custom playground equipment from recycled plastics for city school districts.The school districts are required to use a certain percentage of recycled materials to comply with its state grants.As a result,R-Cubed tracks both virgin (non-recycled) and recycled materials used to manufacture its playground equipment.
R-Cubed uses a predetermined manufacturing overhead rate of $7.00 per direct labor hour.
Here is a summary of the materials and labor used on a recent job for Stow City Schools:

Calculate the percentage of recycled-content used in the Stow City Schools job (using pounds) .

• A)65%
• B)35%
• C)186%
• D)54%

---

Definitions:

Adjusted Balance

The account balance after adjustments have been made for interest, payments, and charges.

Bank Statement

A document issued by a bank summarizing an account's transactions, including deposits, withdrawals, and current balance, over a specific period.

Deposits In Transit

Deposits made in a bank account that have not yet been processed and posted by the bank to the depositor's account balance.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn on, leading to a "non-sufficient funds" status.