During the Current Month,Thompson Company Started 40,000 Units of Product

question 76

Multiple Choice

During the current month,Thompson Company started 40,000 units of product and transferred 25,000 fully completed units to finished goods.The final work in process inventory was 50 percent complete as to labor operations.There was no initial work in process,and actual labor hours were 150,000 for the period.Each unit should have required 3 direct labor hours to be produced at standard.The total standard hours allowed for the period are

• A)75,000 hours.
• B)97,500 hours.
• C)120,000 hours.
• D)150,000 hours.

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Definitions:

Congress

The legislative body of a country, particularly in the United States, composed of the Senate and the House of Representatives.

Acquisitive Model

A theory in public administration that suggests bureaucracies and governmental agencies are primarily motivated by the desire to expand their budgets and staff, increasing their power.

Budget

An estimate of income and expenditure for a set period of time, often used by governments to plan economic policies.

Federal Government

The system of government in which power is divided between a central authority and constituent political units (such as states or provinces), with the United States government being a prime example.