Use the Tables for the Question(s) Below

question 24

Multiple Choice

Use the tables for the question(s) below.
Pro Forma Income Statement for Ideko, 2010-2015
Pro Forma Balance Sheet for Ideko, 2010-2015

-The amount of net working capital for Ideko in 2010 is closest to ________.

• A) $26,200
• B) $35,195
• C) $30,510
• D) $29,420

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Definitions:

Direct Labor

Direct labor refers to the wages paid to employees who are directly involved in the production of goods or services.

Direct Materials

Raw materials that are directly consumed in the manufacturing process of a product and are easily traceable to it.

Cost of Goods Manufactured

The total expense incurred by a company to produce goods in a specific period, including labor, material, and overhead costs.

Total Manufacturing Costs

The sum of all expenses directly involved in the production of goods, including materials, labor, and overhead.