Use the Information Below to Answer the Following Question(s)

question 98

Multiple Choice

Use the information below to answer the following question(s) .
Job 2908 requires $12,000 of direct materials, $5,500 of direct labour, 500 direct labour hours, and 250 machine hours. It also requires 9 hours of inspection at $40 per hour. Manufacturing overhead is computed at $25 per direct labour hour used and $45 per machine hour used.
-The total dollars of conversion costs for Job 2908 are

• A) $12,500.
• B) $23,750.
• C) $41,250.
• D) $29,250.

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Definitions:

Qualified Education Expenses

Expenses required for enrollment or attendance at an educational institution, including tuition, fees, and related costs.

Retirement Plan

A retirement plan refers to financial strategies of saving, investment, and ultimately distribution of money meant to sustain an individual’s standard of living in retirement.

Savings Account

A bank account that earns interest on the deposited funds, designed for saving money over a period of time.

Highly Compensated Employees

Employees who receive compensation above a specific threshold set by the IRS, making them subject to different regulations for retirement plan contributions.