Management of Mcentire Corporation Has Asked Your Help as an Intern

question 148

Multiple Choice

Management of Mcentire Corporation has asked your help as an intern in preparing some key reports for April. Direct materials cost was $64,000, direct labor cost was $47,000, and manufacturing overhead was $75,000. Selling expense was $15,000 and administrative expense was $44,000
-The conversion cost for April was:

• A)$186,000
• B)$100,000
• C)$128,000
• D)$122,000

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Definitions:

Vancouver Stock Exchange

A defunct stock exchange that was located in Vancouver, Canada, historically known for trading in small-cap stocks.

Aggregate Expenditure

The total amount of spending in an economy, consisting of consumer spending, investment, government spending, and net exports.

Marginal Propensity

The ratio of the change in an economic variable (such as consumption spending) to the change in another variable (such as income).

Planned Investment

Expenditures on capital goods by firms, intended to increase their future production capacity.