During Its First Year of Operations,Connor Company Paid $50,000 for Direct

question 98

Multiple Choice

During its first year of operations,Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers.Lease payments and utilities on the production facilities amounted to $14,000.General,selling,and administrative expenses were $16,000.The company produced 5,000 units and sold 4,000 units for $30.00 a unit.The average cost to produce one unit is which of the following amounts?

• A) $20.00
• B) $16.00
• C) $18.40
• D) $25.00

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Definitions:

Landrum-Griffin Act

A 1959 United States law aiming to regulate labor unions' internal affairs and their officials' relationships with employers.

Department Of Labor

A cabinet-level department of the U.S. government responsible for occupational safety, wage standards, unemployment insurance benefits, re-employment services, and some economic statistics.

Voluntary Mediation

A process where conflicting parties choose to engage a neutral third party to help them reach a mutually satisfactory agreement without litigation.

Labor And Management

The collective groups of employees (labor) and employers (management) in a workplace or industry, often with contrasting interests and objectives.