For a Particular Period, Petersen's Opening and Closing Work in Process

question 10

Multiple Choice

For a particular period, Petersen's opening and closing work in process balances were $20 000 and $14 000 respectively. Direct materials used was $200 000 and overhead applied was $130 000. Cost of goods manufactured was $490 000. What was the amount of direct labour cost incurred for the period?

• A) $148 000
• B) $154 000
• C) $160 000
• D) $504 000

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Definitions:

Psychodynamic Theories

Theories developed by Freud’s followers but usually differing somewhat from Freud’s original theories.

Object Relations Perspective

A theory in psychoanalysis focusing on relationships with others, suggesting that the internalization of these relationships impacts individual psyche and behavior.

Psychodynamic Therapy

A therapeutic approach focusing on unconscious processes as they are manifested in a person's present behavior, aiming to uncover unresolved conflicts.

Psychoanalysis

Form of treatment for psychopathology involving alleviating unconscious conflicts driving psychological symptoms by helping people gain insight into their conflicts and finding ways of resolving these conflicts.