Amoeba Manufacturing Ltd Provided the Following Information for the Year

question 119

Multiple Choice

Amoeba Manufacturing Ltd provided the following information for the year 2017:
$$\begin{array} { | l | l | } \hline \text { Purchases-raw materials } & \$ 90,000 \\\hline \text { Plant electricity, gas \& insurance } & 66,500 \\\hline \text { Indirect materials } & 11,020 \\\hline \text { Indirect labour } & 4220 \\\hline \text { Direct materials used in production } & 99,000 \\\hline \text { Direct labour } & 118,000 \\\hline \text { Depreciation on factory plant \& equipment } &6000 \\\hline\end{array}$$
The inventory account balances as of 1 January 2017 are given below.
$$\begin{array} { | l | l | } \hline \text { Raw materials inventory } & \$ 41,000 \\\hline \text { Work in process inventory } & 13,000 \\\hline \text { Finished goods inventory } & 50,000 \\\hline\end{array}$$
What is the ending balance in the Raw materials inventory account?

• A) $20,980
• B) $110,020
• C) $7000
• D) $131,000

Understand the genetic influence on the risk of developing type 1 diabetes mellitus.

Identify medications and substances that may affect blood glucose levels in patients with diabetes mellitus.

Recognize indicators of decreasing renal function in diabetic patients.

Understand nutritional needs and diet modifications for patients with specific health conditions.

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Definitions:

Assembly Line

A production method where components are sequentially assembled onto a product to efficiently produce a finished item.

Specialization

A focus on a particular area of expertise within a profession, leading to increased efficiency and skill in that area.

Scientific Management

A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Training Costs

The expenses incurred by an organization for the professional development and training of its employees, which can improve skills and performance.