The Following Are Budgeted Data: Each Unit Requires 0

question 34

Multiple Choice

The following are budgeted data: Each unit requires 0.75 hours of direct labor at a cost of $6.50 per hour.What is the cost of direct labor for May?

• A)$73,125
• B)$82,875
• C)$63,375
• D)$78,000

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer takes responsibility for loss or damage once the goods are shipped, and pays the shipping cost.

Terms

Conditions that are agreed upon in a financial or business arrangement.

Merchandise Inventory

The total value of a company's goods that are available for sale at the end of an accounting period.

Cash

Money in the form of coins or banknotes, especially that owned by a person or organization.