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

question 67

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 Ballard Company. Suppose each set of portable speakers has a per-unit product cost of $112. What would be the cost of goods sold last year?

• A) $10,839,360
• B) $10,864,000
• C) $11,224,640
• D) $11,555,120

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Definitions:

Skills Approach

A leadership perspective that emphasizes the importance of learned skills and abilities for effective leadership performance.

Collaborating

Working together cooperatively with others towards a common goal, sharing resources, ideas, and efforts.

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The practice of concentrating efforts and resources on achieving specific and predefined objectives.

Structuring

The act of organizing or arranging various elements into a coherent, functional system or framework.