In July, Econo Company Purchased Materials Costing $21,000 and Incurred

question 133

Multiple Choice

In July, Econo Company purchased materials costing $21,000 and incurred direct labour cost of $18,000. 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 the Figure.Suppose Econo Company sold 10,000 units during July and gross margin totalled $29,800.What would be the sales price per unit?

• A)$9.94
• B)$10.00
• C)$10.09
• D)$10.11

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Definitions:

Systematic Desensitization

A therapeutic method used to help individuals overcome phobias and anxiety disorders by gradually exposing them to the feared object or situation in a controlled and hierarchical manner.

Biofeedback

A technique that teaches individuals to control physiological processes such as heart rate or blood pressure by providing real-time feedback.

Self-monitoring

The process where individuals pay attention to their own behavior and its effects on others.

Observation

The act of closely monitoring or watching phenomena as they occur in order to collect data or make inferences.