Econo Company
in July, Econo Company Purchased Materials Costing $21,000

question 145

Multiple Choice

Econo Company
In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. Manufacturing overhead totalled $32,000 for the month. Information on inventories was as follows: $\begin{array}{lrr}&\text { July } 1& \text { July } 31\\\text { Materials } & \$ 6,200 & \$ 7,100 \\\text { Work-in-process } & \$ 700 & \$ 1,200 \\\text { Finished goods } & \$ 3,300 & \$ 2,700\end{array}$
-Refer to Econo Company. Suppose the company sold 10,000 units during July and gross margin totalled $29,800. What would be the sales price per unit?

• A) $9.94
• B) $10.00
• C) $10.09
• D) $10.11

Evaluate the role of nobility in European politics and society.

Understand the concepts of absolute threshold and just noticeable difference.

Distinguish between sensation and perception and their physiological and psychological aspects.

Identify and explain the phenomenon of sensory adaptation.

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Definitions:

Software Package

A collection of software programs and documentation related to a specific application or utility for distribution.

Scope Creep

The process by which a project's requirements increase over its lifecycle, typically leading to delays and cost overruns.

Prewritten Application

Software or program that is developed for sale or distribution to multiple users, designed to perform specific tasks or functions.

Prewritten Applications

Software products that are developed and available for sale to the general public without the need for customization.