Jasper Ltd Reports the Following Cost Information for March What Is the Amount of Direct Labour Incurred by Jasper

question 165

Multiple Choice

Jasper Ltd reports the following cost information for March:
$$\begin{array} { | l | l | } \hline \text { Cost of goods manufactured } & \$ 74,000 \\\hline \text { Manufacturing overhead } & 19,000 \\\hline \text { Finished goods inventory, 1 March } & 6000 \\\hline \text { Finished goods inventory, 31 March } & 3000 \\\hline \text { Work in process inventory, 1 March } & 9620 \\\hline \text { Work in process inventory, 31 March } & 1180 \\\hline \text { Direct materials used } & 25,250 \\\hline\end{array}$$
What is the amount of direct labour incurred by Jasper in March?

• A) $65,560
• B) $74,000
• C) $21,310
• D) $6250

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Definitions:

Vesting Period

The period of time before an employee gains unconditional ownership over employer-provided stock or contributions to a retirement plan.

Call Option

An agreement in the realm of finance that permits the purchaser to acquire a stock, bond, commodity, or another asset at a predetermined price during a defined timeframe, without compelling them to do so.

Variance

A statistical measure of the distribution of data points in a data set, indicating how far each data point is from the mean.

Downside Risk

The potential loss in value of an investment, indicating the estimate of the extent to which an asset or security could decrease in value.