Beckett,Inc What Is the Amount of Direct Labor Incurred by Beckett,Inc

question 89

Multiple Choice

Beckett,Inc.reports the following cost information for March: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 75,000 \\\hline \text { Manufacturing Overhead } & 19,000 \\\hline \text { Finished Goods Inventory, March 1 } & 5000 \\\hline \text { Finished Goods Inventory, March 31 } & 2000 \\\hline \text { Work-in-Process Inventory, March 1 } & 9980 \\\hline \text { Work-in-Process Inventory, March 31 } & 1160 \\\hline \text { Direct Materials Used } & 25,400 \\\hline\end{array}$$ What is the amount of direct labor incurred by Beckett,Inc.in March?

• A) $66,180
• B) $6400
• C) $75,000
• D) $21,780

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country using constant prices.

Balanced Budget Amendment

A proposed amendment to a government's constitution that requires the annual budget to be balanced, so that expenditures do not exceed revenues.

Crowding-out

is an economic theory suggesting that increased government spending leads to a reduction in private sector spending, potentially due to higher interest rates.

Full Employment

A situation in an economy when all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.