Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you explain number 9,10,11,12,13 ,14? 8. The inventoriable cont per units Product ABC TESE 155150 TE None 9. A manufacturing company produces geot(G)the following

can you explain number 9,10,11,12,13 ,14?image text in transcribed

8. The inventoriable cont per units Product ABC TESE 155150 TE None 9. A manufacturing company produces geot(G)the following data is available per unit monthly Direct materials 5299 Variable manufacturing overhead 550 Direct manufacturing labor 540 Fized manufacturing overhead $60 The plant car product up to 2.000 units of the product monthly The production cost per unit, when producing 1,500 units will be A $350 B.5 370 ICS 400 D. $470 E None If the following information was provided in AB manufacturing company for the year ended Nov. Beginning direct material inventory $40,000 End direct material inventos 58,000 Beginning work-it-process (WIP) inventory 2 End work-in-process (WIB inventos 50,000 Beginning finished goods inventory 30,000 Ending finished goods inventory Direct material purchases 158.000 Prime cost 290,000 Indirect labor 30,000 Plant utilities 30.000 Indirect material 5.000 Depreciation of plant- equipment 25,000 Gross Margin 30% of Revenue 2 Revenue 600,000 10. The Beginning work in process inventory will be: A $80,000 B.$75,000 C$78,000 D.$79,000 | E. None 20,000 11. The cost of goods manufactured for 2021 will be: A.$300,000 B.400.000 C.$140,000 D.$410,000 E. None D.S 330.000 12. The cost of goods sold for 2021 will be A.S 550,000 B. $420,000 C. $530,000 13. The conversion costs will be equal to: A. $291,000 B. $390,000 C.$240,000 14. The gross margin will be equal to: A. $180,000 B. $190,000 C.$100,000 E. None D. $293,000 E. None D. $200,000 E. None 15. Rapid Cabinet Makers Inc. provided the following information for last month: Sales $25,000 Variable costs 10,000 Fixed costs 3,000 Operating income $12.000 If sales reduce to half the amount in the next month, the projected operating income will be: A. $7,000 B. $7,500 C. $ 4.500 D. $18,500 E. None Best Wishes &Good Luck 2

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

Audit Analytics Data Science For The Accounting Profession

Authors: J. Christopher Westland

1st Edition

3030490904, 9783030490904

More Books

Students also viewed these Accounting questions

Question

=+describe the rich array of motives for a merger;

Answered: 1 week ago

Question

Describe why intercultural communication is a necessity

Answered: 1 week ago