21. ___Tony Inc. overapplied the MO in the amount of $3,000. When MO is closed, will Cost of Goods Sold be debited or credited?

22. ___When created the COGM statement, how is total manufacturing cost incurred computed?

23. ___The inventory formula used in the production budget goes like this: Sales in units + __________ minus _________= units to produce.

24. ___The present value of a lump sum of $1 to be received in 2 years discounted at 4% is?

25. ___Name two capital budgeting methods that rely on the time value of money (in other words, present value is calculated).

26. ___At Bobs Big Burgers, the cook, Danny, is paid at the rate of $15 per hour. Would this be a variable cost, a fixed cost, or a mixed cost?

27. ___What is the criterion (or the event) for Finished Goods to move on to Cost of Goods Sold?

28. ___John pays $4198.10 to receive one cash flow in 3 years of $5,000. What is Johns internal rate of return?

29. ___If Penny has fixed costs of $30,000 and her CM ratio is .4, what is Pennys breakeven point in revenue?

30. ___Sally pays $14,125.50 to receive a $2500 annuity for 10 years. What is Sallys internal rate of return?