Valley Water Slides
Valley Water Slides Makes Custom Water Slides

question 65

Multiple Choice

Valley Water Slides
Valley Water Slides makes custom water slides for hotels. On September 1, three jobs were in process: Jobs 812, 813, and 814. Two more jobs, Jobs 815 and 816, were started during September. By September 30, Jobs 812, 814, and 816 were finished. The following data were collected: $\begin{array}{lrrrrr}&\text { Job } 812&\text { Job } 813&\text { Job } 814&\text { Job } 815&\text { Job } 816\\9 / 1 \text { Balance } & \$ 615 & \$ 830 & \$ 945 & --- & --- \\\text { Direct Materials } & 750 & 235 & 1,280 & \$ 200 & \$ 915 \\\text { Direct Labour } & 420 & 115 & 560 & 320 & 875\end{array}$ Overhead is applied at the rate of 120% of direct labour cost. Jobs are sold at cost plus 60%. Selling and administrative expenses for September totalled $2,950. By September 30, Jobs 812 were 816 are sold, but the customer who ordered Job 814 cancelled the order so the slide is still in the warehouse.
-Refer to Valley Water Slides. What is the ending balance in Work-in-Process Inventory as of September 30?

• A) $1,392
• B) $1,700
• C) $1,961
• D) $2,222

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Definitions:

Functionalists

Academics or theorists who perceive society as an intricate system in which its components collaborate to foster unity and stability.

Symbolic Interactionists

Scholars or theorists who study how people use symbols to create meaning and interact with one another.

Family Breakdown

The disintegration of a family unit through separation, divorce, or dysfunction, often resulting in negative outcomes for children and parents.

Conflict Theorists

Scholars who examine social life and changes through the lens of conflict and competition among different groups, emphasizing power discrepancies and the struggle for resources.