Mason, Inc

question 8

Multiple Choice

Mason, Inc. uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $1 and $5 per direct labour hour, respectively. Data relevant for the current period include: Direct materials purchased 50,000 kg. @ $12 per kg.
Direct materials used 50,000 kg.
Standard quantity of direct materials
For actual production 45,000 kg.
Direct materials standard price $13 per kg.
Direct labour costs incurred 75,000 hours @ $12 per hour
Standard direct labour hours for
Actual production 78,000 hours
Standard direct labour cost per hour $11 per hour
Variable overhead costs incurred $77,070
Fixed overhead costs incurred $381,920
The purchase of direct materials would be recorded in direct materials inventory at:

• A)$540,000
• B)$585,000
• C)$600,000
• D)$650,000

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Definitions:

Social Interaction

is the exchange between two or more individuals, influencing their behavior and perceptions in a social context.

Proxemic Bubble

The personal space or invisible boundary around individuals that they prefer not to be invaded by others, varying in size across different cultures and contexts.

E.T. Hall

An American anthropologist recognized for his groundbreaking work on the understanding of nonverbal communication and cultural interactions.

Personal Space

The physical space immediately surrounding an individual, which they consider their own and expect others to respect as a boundary.