Answer the Following Questions Using the Information Below:
Timekeeper Inc

question 123

Multiple Choice

Answer the following questions using the information below:
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.
$\begin{array}{ll}\text { Data for the Assembly Depatment for June } 2015 \text { are: }\\\text { Work in process, beginuning inventory }&300 \text { units }\\\text { Direct materials ( } 100 \% \text { complete) }\\\text { Conversion costs ( } 50 \% \text { complete) }\\\text { Units started during June } & 950 \text { units } \\\text { Work in process, ending inventory: } & 150 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \\\text { Conversion costs ( } 75 \% \text { complete) } &\\\\\text { Costs for June 2015: }\\\text { Work in process, beginuning inventory: }\\\text { Direct materials } & \$ 90,000 \\\text { Conversion costs } & \$ 135,000 \\\text { Direct materials costs added during June } & \$ 600,000 \\\text { Conversion costs ad ded during June } & \$ 400,000\end{array}$
-What amount of direct materials costs is assigned to the ending Work-in-Process account for June?

• A) $82,800
• B) $62,100
• C) $37,240
• D) $30,454

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Definitions:

Men's Formal Power

Refers to the institutionalized power held predominantly by men in major societal structures, including politics, business, and legal systems.

High Status

A position of authority, prestige, or respect within a social hierarchy.

Abuse of Power

The misuse of authority for harmful, unethical, or personal gain, often at the expense of others' rights or well-being.

Double Standard

The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unjust.