Express Company Reports the Following Data for Its First Year

question 37

Multiple Choice

Express Company reports the following data for its first year of operation. $$\begin{array} { | l | r | } \hline \text { Cost of goods manufactured } & \$ 475,000 \\\hline \text { Work in process inventory, bepinging } & 0 \\\hline \text { Work in process inventory, ending } & 140,000 \\\hline \text { Direct materials used } & 110,000 \\\hline \text { Manufacturing overhead } & 185,000 \\\hline \text { Finished goods inventory, ending } & 101,000 \\\hline\end{array}$$
- What are the total manufacturing costs for the year?

• A)$615,000
• B)$475,000
• C)$770,000
• D)$529,000

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Definitions:

Higher Authority

A position of power or control above others, often within an organizational or governmental structure.

Referent Power

Referent power is a form of influence based on the charismatic appeal or personal attraction of the power-holder, leading others to identify with or seek approval from the individual.

Kelman's Sequence

A theory of social influence which outlines three processes through which attitudes can change: compliance, identification, and internalization.

Compliance

The tendency to agree to do things requested by others, often to fit in with societal expectations or demands.