caps lock Superior Company Company provided the following data for the year ended December 31. Superior closes any under-or over-applied shead costs to cost of goods sold at the end of the year. Selling and administrative expense Sales Actual manufacturing overhead cost Total manufacturing cost for the year Cost of goods manufactured Direct labor cost Net operating income (after adjustment) Finished goods (beginning balance) Finished goods (ending balance) $ 12,000 $ 87,000 $ 19,000 $ 45,000 $ 37,000 $ 10,000 $ 42,000 $ 3,000 $ 15,000 What is the cost of direct materials used during the year? A. $ 26,000 B. $ 24,000 c. $ 10,000 D. $ 8,000 E. None of the above 45,000 = D.L+DM+ MOH 45,000= 19,00c + x + 19,000 11 Our company makes and sells three products: A, B, and C. Selected GAAP income statement information is below: B C 10,000 20,000 $300,000 $100,000 5,000 $500,000 $150,000 $160,000 Units sold Sales Gross margin Fixed Manufacturing Costs allocated to products by machine hours Fixed Non-Manufacturing Costs allocated to products by various methods GAAP Net Operating Income by products $40,000 $198,000 $77,100 $68,900 $11,100 $70,800 $31,200 $21,000 $41,900 Assuming constant sales mix, our breakeven revenue point in dollars is closest to $358,705 $703,348 $1,450,610 $2,428,542 $1,062,054