Quinton Corporation Provided the Following Information for the Year What Was the Total Manufacturing Costs Incurred During the Year

question 20

Multiple Choice

Quinton Corporation provided the following information for the year: $$\begin{array} { | l | r | } \hline \text { Beginning Balance - Work-in-Process Inventory } & \$ 27,000 \\\hline \text { Ending Balance - Work-in-Process Inventory } & 57,000 \\\hline \text { Beginning Balance - Direct Materials } & 87,000 \\\hline \text { Ending Balance - Direct Materials } & 61,000 \\\hline \text { Purchases - Direct Materials } & 358,000 \\\hline \text { Direct Labor } & 469,000 \\\hline \text { Indirect Labor } & 21,000 \\\hline \text { Depreciation on Factory Plant and Equipment } & 22,000 \\\hline \text { Plant Utilities and Insurance } & 271,000 \\\hline\end{array}$$ What was the total manufacturing costs incurred during the year?

• A) $698,000
• B) $314,000
• C) $853,000
• D) $1,167,000

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Definitions:

Normally Distributed

Describes a dataset that follows a Gaussian distribution, with most data points clustering around the mean and symmetrical tails.

Control Chart

A tool used in statistical quality control to monitor a process and determine whether it is in a state of statistical control.

Compressive Strength

The capacity of a material or structure to withstand loads tending to reduce size, measured by the maximum stress that a material can sustain under compression.

Injection Molding

The process of producing components by forcing molten material into a mold.