PFA Ltd Uses a Throughput Costing System and Reported the Following

question 101

Multiple Choice

PFA Ltd uses a throughput costing system and reported the following information for its first month of operations: Units produced…………………………………..140
Units sold………………………………………..120
Material cost per unit produced……………….$3.50
Conversion cost per unit produced……………$6.50
Fixed period costs per unit produced………….$6.00
Variable period costs per unit produced………$4.00
Selling price per unit…………………………$25.00
PFA's total throughput product cost incurred was

• A) $490
• B) $1,400
• C) $420
• D) $1,200

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Definitions:

Free Association

A psychoanalytic technique where a patient says whatever comes to mind without censorship, used to explore the unconscious.

Primary Analysis

The initial examination and interpretation of data or findings from a study, focusing on the main objectives without extending into more nuanced or secondary inquiries.

Prefrontal Lobotomy

A surgical procedure used in the past to treat certain mental disorders by cutting the connections to and from the prefrontal cortex, the anterior part of the frontal lobes of the brain.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from severe mental disorders.