During the Current Month,Ringo Company Started 50,000 Units of Product

question 76

Multiple Choice

During the current month,Ringo Company started 50,000 units of product and transferred 40,000 fully completed units to finished goods.The final work in process inventory was 41 percent complete as to labor operations.There was no initial work in process,and actual labor hours were 180,000 for the period.Each unit should have required 4 direct labor hours to be produced at standard.The total standard hours allowed for the period are

• A) 180,400.
• B) 176,400.
• C) 171,400.
• D) 186,400.

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Definitions:

Organization Efficiency

The ability of an organization to achieve its goals with minimal waste of resources, including time, money, and labor.

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present, often attributed to the diffusion of responsibility.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Agricultural Societies

Communities whose economy and way of life are primarily based on agriculture and farming practices.