D&I Supplies,Inc Assuming Manufacturing Overhead Costs of $27,820,what Is the Amount of \begin{array}

question 126

Multiple Choice

D&I Supplies,Inc.selected cost data for the year are shown below: $$\begin{array} { | l | r | } \hline \text { Work-in-Process Inventory, Jan. 1 } & \$ 5,860 \\\hline \text { Direct Materials Used } & 102,000 \\\hline \text { Work-in-Process Inventory, Dec. 31 } & 2,870 \\\hline \text { Cost of Goods Manufactured } & 193,800 \\\hline\end{array}$$
Assuming manufacturing overhead costs of $27,820,what is the amount of direct labor incurred by D&I Supplies,Inc.during the year?

• A) $63,980
• B) $190,810
• C) $60,990
• D) $129,820

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Definitions:

Neo-Mercantilism

An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.

Foreign Competition

The competition that domestic companies face from abroad, often referring to the goods and services offered by companies located in other countries.

Infant Industry Theory

An economic rationale for trade protectionism arguing that emerging domestic industries need protection from international competition until they become mature and competitive.

Protected

Safeguarded from harm or damage through legal, physical, or other means.