Tong Ltd Is a Manufacturing Company That Uses a Process

question 48

Multiple Choice

Tong Ltd is a manufacturing company that uses a process costing system. All direct material is added at the start of the process, and spoilage is discovered at the end. During the first period of operations 15,000 units of material were placed into production at a cost of $20 each (ignore conversion costs for this process) . Ending work in process was 2,000 units, good units completed totaled 11,000 units, and normal spoilage is 15% of the units surviving inspection. Inspection takes place after the units are completed. The unit cost assigned to the abnormal spoilage is

• A) $-0-
• B) $22.61
• C) $20.00
• D) $24.00

Differentiate between functional and dysfunctional conflict and their effects on organizational performance.

Understand the role of culture in influencing conflict and conflict management.

Recognize the importance of cross-functional teams and task forces in managing intergroup conflict.

Understand the stages of conflict development in organizations.

---

Definitions:

Budgeted Cost

This refers to the predicted costs of goods, services, projects, or operations that are planned for a future period.

Merchandise Purchases Budget

An estimate detailing the amount of goods a company plans to purchase over a certain period to meet its sales and inventory needs.

Selling Expenses Budget

A financial plan estimating the costs associated with promoting, selling, and distributing a product or service for a future period.

Sales Budget

An estimate of the sales revenue a company aims to achieve in a certain period, often used for planning and performance evaluation purposes.