In the Manufacture of 15,000 Units of a Product, Direct

question 28

Multiple Choice

In the manufacture of 15,000 units of a product, direct materials cost incurred was $165,000, direct labor cost incurred was $105,000, and applied factory overhead was $53,500. What is the total conversion cost?

• A) $270,000
• B) $158,500
• C) $323,500
• D) $53,500

Learn how to establish and replenish a petty cash fund, and record petty cash transactions.

Comprehend the significance and calculation of the days' sales uncollected ratio and its implications for cash flow and credit management.

Understand the principles of cash management, including internal control procedures for cash receipts and disbursements.

Identify and react to discrepancies in cash management, such as overages, shortages, and errors in recording transactions.

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Definitions:

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The presence of glucose in the urine, typically an indicator of high blood sugar levels and a potential sign of diabetes.