Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Conversion conts consist of: A direct materials and factory overhead cost OB dred materials and direct labor O direct labor and factory overhead cost D.

image text in transcribed
image text in transcribed
Conversion conts consist of: A direct materials and factory overhead cost OB dred materials and direct labor O direct labor and factory overhead cost D. period costs and product costs QUESTION 62 Which of the following Inventory classifications would be included in a statement of Cost of Goods Manufactured? O A materials inventory OB. work in process inventory C. materials inventory and work in process wwentory OD finished goods inventory QUESTION 63 The total manufacturing consided to production during the period is $110.000. The materials inventory increased from the beginning to the end of the period by $12.000, while the work in process decreased from the beginning to the end of the period by $5,000. What is the cost of goods manufactured? O A 5117 000 OB. 5115,000 OC 5103.000 OD 5105,000 QUESTION 64 The cost of goods manufactured 245.000 Thenished goods weteryncreased from the beginning to the end of the period by 58,000, while the work in process inventory Increased from the boy end of the period by $3.000 What is the cost of goods solo O A 1234.000 O 8 1256,000 0 125.000 0 0 5237.000 QUESTION 66 Where folowing is not a characteristic of managerial accounting reports A bothed and subjective O proxed ervals of needed O reported to company as a whole of me Ore to be prepared according to generally accepted accounting pondples (AAP) Chal Save and submit to send the SAN ART to see alla Conversion costs consist of A dret materials and factory overhead cost OB de materials and direct labor O receber and factory overhead cost D. period costs and product costs QUESTION 62 Which of the following inventory classifications would be included in a statement of Cost of Goods Manufactured A materials for work in process inventory C materials inventory and work in processory Dinished goods inventory QUESTIONS The tal manufacturing conta added reduction during the period in $110.000. The material hventory increased from the beginning to the end of the period by $12.000, while the work in process inventory decreased from the beginning to the end of the period by 55.000 What is the cost of goods mandared? O A 5117,000 OB $115.000 OC 5103.000 OD 5105.000 QUESTION 4 The cost of goods manufactured is 5245.000 The thed goods Inventory increased from the beginning to the end of the period by $8.000 while the work in process entry increased from the beginning to the end of the period by 53,000. What is the cost of goods sold O A $234.000 OB. 5256 000 OC $250.000 OD 237,000 QUESTION 65 Which of the following is not a chance of managerial accounting reports? A both objective and O prepared atfed intervals, or as needed Creported to company as a who segment Dried to be prepared according to generally accepted accounting principles (CAP) che sowe and Submitted bird See All At walls

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

Principles Of Auditing And Other Assurance Services

Authors: Ray Whittington, Kurt Pany

16th Edition

007352686X, 978-0073526867

More Books

Students also viewed these Accounting questions