Using the Information Below for Singing Dolls, Inc A) $44,500

question 185

Multiple Choice

Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year: $$\begin{array} { l | r } \hline \text { Work in Procest, January 1 } & 50,000 \\\hline \text { Work in Process, December 31 } & 37,000 \\\hline \text { Total Factory overhead } & 5,500 \\\hline \text { Direct materials used } & \$ 12,500 \\\hline \text { Direct labor used } & 26,500\end{array}$$

• A) $44,500.
• B) $94,500.
• C) $13,000.
• D) $57,500.
• E) $52,000.

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Definitions:

Base Rates

Basic pay rates established for roles or tasks before any additional benefits or allowances are added.

Not-invented-here Bias

A mindset or culture where innovations or solutions developed outside a particular group are undervalued or rejected, regardless of merit.

Conservative Decisions

Decision-making approaches that prioritize risk-aversion and stability, often favoring traditional methods over innovative solutions.

More Information

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