Jack's Water Slides Makes Custom Water Slides for Hotels

question 116

Multiple Choice

Jack's Water Slides makes custom water slides for hotels.On October 1, there were three jobs in process, Jobs 812, 813, and 814.Two more jobs were started during October, Jobs 815 and 816.By October 31, Jobs 812, 814, and 816 were finished.The following data has been collected:


-Overhead is applied at the rate of 110% of direct labor cost.Jobs are sold at cost plus 50%.Selling and administrative expenses for October totaled $3,000.By October 31, Jobs 812 and 816 are sold, but the customer who ordered Job 814 decided he did not want the slide, so it is still in the warehouse.

Calculate the ending balance in Work-in-Process as of October 31.

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Definitions:

Specific Abilities

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Sternberg's Triarchic Theory

A theory of intelligence proposing three aspects: analytical intelligence, creative intelligence, and practical intelligence.

Successful Intelligence

Refers to a theory by Robert Sternberg that suggests intelligence is the ability to achieve success in life based on personal standards, within sociocultural context. It involves analytical, creative, and practical abilities.

Navigate Novel Situations

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