Ending Work-In-Process Inventory for Hands on Carpentry Was $64,000 for January

question 70

Multiple Choice

Ending Work-in-Process Inventory for Hands On Carpentry was $64,000 for January. Direct labour and direct materials for the month had a combined total of $39,000. Direct labour was twice as much as direct materials. The overhead rate is 70% of direct labour. No jobs were finished during the month. What was the beginning Work-in-Process Inventory?

• A) $0
• B) $4,250
• C) $6,800
• D) $15,250

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Definitions:

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.

Reinforcement Theory

A psychological principle stating that the future frequency of a behavior is increased or decreased based on the consequences it produces.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by a hierarchy of needs starting from basic physiological needs to self-actualization.

Needs

Needs are basic or essential requirements that individuals must have met in order to live, work effectively, and achieve well-being, including physical, social, and psychological necessities.