Jasper Corporation Reports the Following Cost Information for March What Is the Amount of Direct Materials Used by Jasper

question 117

Multiple Choice

Jasper Corporation reports the following cost information for March: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 75,000 \\\hline \text { Manufacturing Overhead } & 18,250 \\\hline \text { Finished Goods Inventory, March 1 } & 4,500 \\\hline \text { Finished Goods Inventory, March 31 } & 2,650 \\\hline \text { Work-in-Process Inventory, March 1 } & 9,670 \\\hline \text { Work-in-Process Inventory, March 31 } & 1,250 \\\hline \text { Direct Labor } & 36,300 \\\hline\end{array}$$ What is the amount of direct materials used by Jasper in March?

• A) $12,030
• B) $18,600
• C) $28,870
• D) $137,970

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Definitions:

Health Care Costs

The total expenditures for services and products related to the treatment and prevention of disease or the maintenance of health.

Overallocation

A situation where resources are allocated in excess to a particular good or service, often leading to inefficiency and waste.

Resources

Assets, materials, or substances that are available and valuable in producing goods or providing services.

Externalities

Costs or benefits that affect a party who did not choose to incur that cost or benefit, caused by an economic transaction.