LFM Corporation Makes and Sells a Product Called Product WZ

question 64

Multiple Choice

LFM Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the rate of $16.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 31,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 100 and 600 units, respectively. Budgeted direct labor costs for June would be:

• A)$1,764,000
• B)$504,000
• C)$1,708,000
• D)$1,736,000

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Definitions:

Conservation

A cognitive ability, described by Piaget, to understand that certain properties of objects remain the same despite changes in their form or appearance.

Egocentrism

The inability to differentiate between self and others, often leading to viewing everything in relation to oneself.

Insecure Maternal Attachment

A type of attachment characterized by anxiety and uncertainty in a child's relationship with their mother, often leading to difficulties in relationships and self-esteem.

Stranger Anxiety

A form of distress that young children experience when exposed to people they do not know, typically manifesting around 8 to 12 months of age.