Avonlea Construction Builds Custom Houses for Individual Buyers

question 99

Multiple Choice

Avonlea Construction builds custom houses for individual buyers.On April 1,it had one job started with a beginning work-in-process balance of $76,000.During April,the job was finished and sold.Direct labour for the job in April was $75,000,and direct materials used were $67,000.Overhead is computed at a rate of 65% of direct labour.All sales have a markup of 40%.What was the selling price of the house?

• A)$82,862.50
• B)$236,750.00
• C)$262,087.50
• D)$373,450.00

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Definitions:

Plurality Action

A decision-making process or election outcome determined by the largest fraction of votes, even if it does not constitute a majority.

Amicus Curiae

A legal term referring to someone not a party to a case who offers information, expertise, or insight that has a bearing on the issues in the case.

Federal Appellate Courts

Courts within the federal judicial system that have the authority to review decisions made by lower courts, ensuring the correct application of law without conducting trials.

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are the courts within the U.S. federal judiciary system that are below the Supreme Court, including district courts and courts of appeals.