If One Unit of Product X Used

question 71

Multiple Choice

If one unit of Product X used $.75 of direct materials and $6.00 of direct labor,sold for $12.00,and was assigned overhead at the rate of 20% of direct labor costs,how much gross profit was realized from this sale?

• A) $12.00
• B) $6.75
• C) $.75
• D) $1.20
• E) $4.05

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Definitions:

Prefrontal Cortex

Located in the front of the brain, responsible for higher thought, such as planning, goal setting, controlling impulses, and using cognitive skills and memory to solve problems.

Neuronal Communication

The process by which neurons transmit signals between themselves and to other types of cells, facilitating brain function and the regulation of bodily activities.

Executive Functioning

Refers to a set of cognitive processes that are necessary for the cognitive control of behavior, including attentional control, inhibitory control, working memory, and cognitive flexibility, as well as the planning and execution of tasks.

Hippocampus

A region of the brain that plays a major role in memory formation and spatial navigation.