1. the murphy corp. had the following information available for the year. what is cost of goods sold?

beginning ending

WIP inventory 10000 15000

Finished Goods inventory 21000 17000

Direct Material Inventory 5000 8000

Direct Material Purchased 40000

Direct Labor (2500 hour) 20000

factory overhead 33000

1. 89000

2, 85000

3. 100000

4 90000

2. Based on the following for Pace Corp., what is income?

sales 820000 Selling and administrative expenses 140000 Direct materials purchases 176000 Direct labor 200000 Factory Overhead 270000

Beginning and ending inventories Direct materials 24000 28000 work in process 50000 56000 finished goods 46000 38000 1. 636000 2. 644000 3. 36000 4. 180000 3. Based on the following, ending direct materials inventory is

Direct materials purchases 225000 Direct materials used 275000 Beginning Direct materials inventory 125000 1. 125000 2. 75000 3. 275000 4. 237000 5. 50000

4. Dirth Company sells one product for 7.50 per unit. Variable expenses are 60 percent of sales and fixed expenses are 30000. Management has decided to decrease the selling price to 6.00 in hopes of increasing its volume of sales.

what is the new break-even point in units for Dirth Company when the selling price is 6.00?

1. 12500 2. 20000 3. 6667 4. 10000

5. Lewis company information is shown below. What is break-even?

Selling price per unit $150 Variable cost per unit 90 Total fixed costs 300000

1. 5000 units 2. 2000 units 3. 60000 units 4. 3333 units 5. 750 units