Department S Had No Work in Process at the Beginning

question 20

Multiple Choice

Department S had no work in process at the beginning of the period. 12,000 units of direct materials were added during the period at a cost of $84,000, 9,000 units were completed during the period, and 3,000 units were 30% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $49,500 and factory overhead was $9,900. The total cost of units completed during the period were:

• A) $117,000
• B) $143,400
• C) $121,000
• D) $127,450

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Definitions:

Expected Value

The expected value is a statistical concept that calculates the mean of all possible values of a random variable, weighted by their respective probabilities.

Stock Price

Stock price is the value of a company's shares traded on the stock market, representing investor's valuation of the company's future earnings potential.

Probability

An indicator of how probable an event is, represented as a numerical value ranging from 0 to 1.

Expected Present Value

Expected present value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows given a specified rate of return.