Answer the Following Questions Using the Information Below:
Cronulla Products

question 150

Multiple Choice

Answer the following questions using the information below:
Cronulla Products uses a normal cost system and had the following data available for 2018:
$$\begin{array} { l c } \text { Direct materials purchased on account } & \$ 74000 \\\text { Direct materials requisitioned } & 41000 \\\text { Direct labour cost incurred } & 65000 \\& \\\text { Factory overhead incurred } & 73000 \\\text { Cost of goods completed } & 146000 \\\text { Cost of goods sold } & 128000 \\& \\& 13000 \\\text { Be ginning direct materials inventory } & 32000 \\\text { Beginning WIP inventory } & 29000 \\\text { Beginning firished goods inventory } & \\\text { Overhead application rate, } & 125 \text { percent }\end{array}$$
-The ending balance of work-in-process inventory is:

• A)$65 000.
• B)$73 25.
• C)$219 250.
• D)$211 000.

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Definitions:

Beta

An indication of how much a stock's price fluctuates compared to the broader market.

Portfolio Returns

The overall gains or losses generated by a portfolio of investments over a specific period, assessing the effectiveness of investment choices.

Systematic Risk

Refers to the risk inherent to the entire market or market segment, which cannot be mitigated through diversification.

Diversification

The process of allocating investments across various financial assets to reduce the risk exposure of a portfolio.