Ewing Corporation's Controller Has Developed the Cost and Usage Data

question 55

Multiple Choice

Ewing Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. $\begin{array} { lr } \text { Direct materials quantity standard}& \text {3 pounds per product }\\ \text {Direct labor time standard }& \text {5 hours per product }\\ \text {Direct materials price standard }& \text { \( \$ 10 \) per pound}\\ \text {Direct labor rate standard }& \text { \( \$ 9 \) per hour}\\ \text { Standard variable overhead rate}& \text { \( \$ 5 \) per labor hour}\\ \text { Standard fixed overhead rate}& \text {\( \$ 10 \) per labor hour }\\\end{array}$
The total standard unit cost is

• A) $105.
• B) $150.
• C) $260.
• D) $34.

Recognize the impact of service branding on consumer perception and the introduction of new services.

Appreciate the intangible nature of services and its implications on pricing and consumer perception of quality.

Understand the legal definition and characteristics of negotiable instruments under the Bills of Exchange Act.

Recognize the liability shift from the drawer to the financial institution once a cheque is certified, in the absence of defects.

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Definitions:

Job Positions

Specific roles or titles within an organization, outlining the responsibilities, tasks, and duties of the person in that role.

Follow-Up Letter

a written communication sent after an initial encounter or submission, aiming to remind, thank, or further engage the recipient.

Interview

A formal conversation where questions are asked to gather information from the interviewee, often for the purpose of employment or research.

Résumé

A document summarizing an individual's work experience, education, skills, and accomplishments for job applications.