Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages Machine operators$300,000 Selling and Administrative personnel$75,000 Materials used Lubricant for oiling machinery$25,000 Cocoa, sugar, and other raw materials$225,000 Packaging materials$190,000 Randall's direct labor costs amounted to:
A. $300,000
B. $400,000
C. $175,000
D. $375,000
Answer: A
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_______________________ are a distribution of net income for the period, not a determinant of net income as are expenses
Fill in the blank(s) with correct word
Actual overhead costs are applied directly to the work in process inventory account
Indicate whether the statement is true or false
In the following diagram, which of the following provides the best interpretation of the multiplicities for the association between the employees and product categories classes?
A. Each product category includes many products. B. Each employee is only authorized to purchase products from a single category. C. Each employee may be assigned to manage many product categories. D. Each product category may be managed by several employees.
A market-coverage strategy in which a firm decides to target several market segments and designs separate offers for each is known as ________
A) mass marketing B) differentiated marketing C) concentrated marketing D) individual marketing E) cross-marketing