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A) Cost Terms and Costs Behavior- Exercise Using the following information: Inventories Materials Work in process Finished good Beginning Ending 43.300 5.100 12.300 52.500 9.500
A) Cost Terms and Costs Behavior- Exercise Using the following information: Inventories Materials Work in process Finished good Beginning Ending 43.300 5.100 12.300 52.500 9.500 9.200 700.000 Sales revenues Depreciation of factory equipment Depreciation of office equipment Direct labor Indirect materials usage Machine electricity usage Other salaries Purchases of direct material Rent expenses Sales commission 12,00% ofsales 14,000 6,50% ofsales 4Sguc 24,00% ofsales 1.000 5,00%of sales 35-0 10.50% ofsales 23.soo 9,00% ofsales -G300C 19.00% of sales ASs.oO 3.50% ofsales 200.0- 6,00% ofsales unos And operating within the variable costing framework determine the following amounts: (a) Cost of goods manufactured (b) Cost of goods available for sale (c) Cost of goods sold (d) Total variable costs (e) Contribution margin ( EBIT You are required to offer full explanation of your answers, providing one or more "ac statements" that illustrate them
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