It Is Estimated That Direct Materials, Direct Labour and Factory

question 21

Multiple Choice

It is estimated that direct materials, direct labour and factory overhead for the period will total $60 000. If work in process at the start is $12 000 and estimated work in process at the end is $15 000, the cost of goods manufactured is:

• A) $45 000
• B) $57 000
• C) $72 000
• D) $75 000

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Definitions:

Staff Positions

Roles within an organization that support the line functions indirectly, providing expertise, advice, and support to direct operations.

Marketing Organization

A group or structure within a company that focuses on promoting and selling products or services.

Blue Ocean Strategy

A business approach that focuses on creating new market spaces (or "blue oceans") that are uncontested by competition, rather than competing in existing markets.

Industry Factors

Elements and conditions within an industry that influence the operations and competitiveness of businesses, including economic trends, regulatory policies, and technological advancements.