Management of Lewallen Corporation Has Asked Your Help as an Intern

question 44

Multiple Choice

Management of Lewallen Corporation has asked your help as an intern in preparing some key reports for September. Direct materials cost was $57,000, direct labor cost was $43,000, and manufacturing overhead was $71,000. Selling expense was $15,000 and administrative expense was $32,000. The conversion cost for September was:

• A)$114,000
• B)$131,000
• C)$171,000
• D)$103,000

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Definitions:

Social Category

A classification of people based on shared characteristics, without necessarily implying social interaction among the members of the category.

Organizational Environment

The external and internal factors that influence the operations, culture, and success of an organization.

Economic Factors

Elements that influence the performance of an economy, including but not limited to inflation rates, interest rates, government policy, employment levels, and GDP growth.

Share A Culture

Involves the collective sharing and transmitting of values, beliefs, customs, practices, and social behaviors within a community or society.