Answer the Following Questions Using the Information Below: Nicolt Company

question 104

Multiple Choice

Answer the following questions using the information below: Nicolt Company produced 120,000 sport jackets during 2015 and 480,000 direct manufacturing labor-hours were used at $2 per hour.The conversion costs were $1.2 per jackets produced.
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What is the direct manufacturing labor partial productivity for Nicolt Company?

• A) 0.25 unit per direct manufacturing labor-hour
• B) 0.50 unit per direct manufacturing labor-hour
• C) 4.00 unit per direct manufacturing labor-hour
• D) 1.00 unit per direct manufacturing labor-hour

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Definitions:

Total Equity

The total value of a company's assets minus its total liabilities, representing the owners' equity in the company.

Common Size Cash Flow Statement

A financial statement that presents all line items as a percentage of total cash inflows, facilitating comparison across periods or companies.

Net Income

The amount of money that remains after all expenses, taxes, and costs have been subtracted from a company's total revenue.

Total Equity

The total net worth of a company, calculated as the difference between total assets and total liabilities.