The Following Information Is Taken from the Financial Records of Gunner

question 47

Multiple Choice

The following information is taken from the financial records of Gunner Manufacturing: ​
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Cost of materials used $45,000
Direct labor costs 48,000
Factory overhead 39,000
Work in process,beginning 18,000
Work in process,ending 28,000
​
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What is the cost of goods manufactured?

• A) $178,000
• B) $132,000
• C) $122,000
• D) $142,000

Describe the role of the unconscious mind in human behavior and personality.

Recognize how Freud’s theory applies to behavior and personality traits.

Explain the concept of the pleasure principle and its association with the id.

Understand the development and function of ego and superego in personality.

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Definitions:

Finished Goods

Goods that are finished being made but haven't been purchased or sent out to buyers yet.

Total Costs

The complete accumulation of costs involved in the production, operation, or project completion, encompassing both fixed and variable costs.

Overapplied Overhead

A scenario in which the overhead cost assigned to manufacturing exceeds the overhead cost that was actually incurred.

Net Operating Income

The profit a company generates from its operations, excluding taxes and interest.