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

question 53

Multiple Choice

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

Strategy-making Modes

Different approaches through which organizations develop and implement strategies.

Farsightedness

The ability to anticipate and consider future consequences and trends in decision-making or planning, often associated with strategic thinking.

Technological Synergy

The phenomenon where the interaction or cooperation of two or more technologies produce a combined effect greater than the sum of their separate effects.

Strategic Management

The process of setting goals, conducting analyses, making decisions, and implementing strategies in an organization to achieve its long-term objectives.