Simeranio Company Manufactures Generic Notebooks $\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}$

question 136

Multiple Choice

Simeranio Company manufactures generic notebooks.Material is introduced at the beginning of the process in the Printing Department.Conversion costs are applied uniformly throughout the process.The weighted-average method of process costing is used.Data for the Printing Department for the month of June follow:
Work-In-Process Inventory,June 1:
$\begin{array} { l } \text {Units }&15,000\\ \text { Direct materials ( \( 100 \% \) complete) }&\$35,000\\ \text {Conversion costs ( \( 30 \% \) complete) }&\$14,000\\\end{array}$

$\begin{array} { l } \text {Units started in June }&65,000\\ \text { Units completed in June}&62,000\\ \text {Work-In-Process Inventory, June 30 }&18,000\\\end{array}$

$\begin{array} { l } \text {Direct materials added in June }&\$285,000\\ \text {Conversion costs added in June }&\$210,000\\\end{array}$

With regard to the Work-In-Process Inventory on June 30,materials are 100 percent complete and conversion costs are 50 percent complete.The unit cost for conversion costs is ________.

• A) $2.62
• B) $2.80
• C) $2.88
• D) $3.15

Distinguish between interest disputes and rights disputes within the context of labor relations.

Understand the influence of bargaining power and labor laws on strike activity.

Recognize the legal framework governing the use of strike replacements.

Identify the concept and legality of secondary boycotts.

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Definitions:

Quadratic Form

An expression in which the highest power of variables is squared, typically written in the form ax^2 + bx + c.

Square Root Property

A principle stating that for any positive number x, there exists a positive and negative value whose square equals x.

Square Root Property

Refers to a principle used to solve quadratic equations, stating that if \( x^2 = a \), then \( x \) is equal to both the positive and negative square root of \( a \).

Complex Solutions

Solutions to equations that include imaginary numbers, typically used when solving polynomial equations that do not have real-number solutions.