Selected Information Regarding a Company's Most Recent Quarter Follows (All

question 49

Multiple Choice

Selected information regarding a company's most recent quarter follows (all data in thousands) . $$\begin{array} { | l | c c | } \hline \text { Beginning work in process inventary } & \$ & 130 \\\hline \text { Cost of goods manufactured } & \$ & 320 \\\hline \text { Direct materials used } & \$ & 170 \\\hline \text { Direct labor } & \$ & 90 \\\hline \text { Ending work in process inventory } & \$ & 140 \\\hline\end{array}$$ What was manufacturing overhead for the quarter?

• A)$ 70
• B)$260
• C)$310
• D)$ 60

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Definitions:

Forced Labor

Work that individuals are compelled to do against their will under threat of punishment or some form of penalty.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or religion, which can manifest in hiring, promotion, job assignment, and termination practices.

Headquartered Companies

Firms that have their main offices located in a specific geographical area, serving as the central point of operation and management.

Quotas

Predetermined limits on the amount of goods or services that can be produced, exported, or imported.