Using the Information Below for Sundar Company; Determine the Cost

question 105

Multiple Choice

Using the information below for Sundar Company; determine the cost of goods manufactured during the current year: $$\begin{array} { l | c } \text { Direct materials used } & \$ 19,000 \\\hline \text { Direct labor used } & 24,500 \\\hline \text { Factory overhead } & 55,100 \\\hline \text { Beginning work in process } & 10,700 \\\hline \text { Ending work in process } & 11,300\end{array}$$

• A) $79,000.
• B) $98,600.
• C) $43,500.
• D) $98,000.
• E) $42,900.

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Definitions:

Price Range

The spread between the highest and lowest selling price of a good or service in a market over a certain period of time.

Total Revenues

The total amount of money generated by a firm from its sales activities before any expenses are subtracted.

Elastic

A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.

Price-elasticity Coefficient

A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.