Use the Information Below to Answer the Following Question(s)

question 124

Multiple Choice

Use the information below to answer the following question(s) .Plastic Molding, Inc.'s costing system utilizes two cost categories; direct materials and conversion costs.Each product must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of production.Conversion costs are allocated evenly throughout production.Data for the Assembly Department for March are:

-What is the unit cost for February in the Assembly Department?

• A)$1,000
• B)$1,750
• C)$3,500
• D)$3,750
• E)$3,900

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Definitions:

Gross Domestic Product (GDP)

The complete market or financial worth of every finished good and service made within a nation's frontiers in a certain timeframe.

Consumer Price Index (CPI)

A metric that calculates the mean variation over time in the costs incurred by urban buyers for a selection of consumer products and services.

Inflation Rate

The percentage increase in the price level of goods and services in an economy over a period of time.

Purchasing Patterns

The habits or trends that emerge among consumers regarding how they buy goods or services over time.