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

question 216

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. What were the total manufacturing costs in July?

• A) $50,000
• B) $69,600
• C) $70,100
• D) $71,000

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Definitions:

Males

Refers to the gender category in biological and societal contexts characterized by specific physiological, genetic, and often behavioral differences from females.

Females

Individuals of the sex that typically possesses the ability to bear offspring or produce eggs.

Population Density

The number of people per square mile.

Urban Populations

The segment of the total population living in areas classified as urban, often characterized by higher density of human structures and services compared to rural areas.