Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Managerial Accounting. Please provide complete and correct solution done on computer or by hand with mathematical proof/explanation to all questions. Please, emphasis on complete

2. Managerial Accounting. Please provide complete and correct solution done on computer or by hand with mathematical proof/explanation to all questions. Please, emphasis on complete and correct solution. The answers will be verified. This is all the information provided. Thank you very much.
image text in transcribed
6. If sales revenue is $7,000, total variable costs are $5,600, and total fixed costs are $4,000, what is the breakeven revenue (assuming that the correct answer below is in the relevant range)? A. $5,000 B. $9,600 C. $10,000 D. $20,000 E. not enough information 7. Beta Company provided the following information for June: Beginning inventory of finished goods Beginning inventory of work-in-process Ending inventory of finished goods Ending inventory of work-in-process S5,000 S18,000 Direct labor used Direct materials used Manufacturing overhead $3,000 $12,000 $13,000 $10,000 $4,000 The company's cost of goods manufactured (COGM) for June is: A. $21,000 B. $27,000 C. $29,000 D. $33,000 E. $57,000 8. At current production volume of 200 units, fixed costs are $6 per unit and variable costs are $4 per unit. These costs ($6+$4 per unit) include $2 of direct labor per unit and S1 of direct materials per unit, the rest is variable and fixed overhead. Estimate total costs at production volume of 180 units. A. $540 B. $720 C. $1,800 D. $1,920 revenue is: IS: 9. If the price is $30, unit variable cost is S10 and total fixed costs are $900, then breakeven A. $300 B. $900 C. $1,350 D. $2,700 E. not enough information- we need data on total revenues and total costs 10. Which of the following is a period cost: A. direct labor wages B. sales commissions (5% of sales revenue) C. rent for the factory building D. production supervisors' salaries

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Remote Auditing A Quick And Easy Guide For Management System Auditors

Authors: Denise Robitaille

1st Edition

1932828311, 978-1932828313

More Books

Students also viewed these Accounting questions

Question

5. Describe how contexts affect listening

Answered: 1 week ago

Question

3. Identify challenges to good listening and their remedies

Answered: 1 week ago

Question

4. Identify ethical factors in the listening process

Answered: 1 week ago