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Crane Manufacturing Inc's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2019 $100500 130400 124500
Crane Manufacturing Inc's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2019 $100500 130400 124500 Dec. 31. 2020 $80700 144200 115800 During 2020, Crane purchased $949700 of raw materials, incurred direct labour costs of $125800, and incurred manufacturing overhead totalling $159500. How much raw materials is transferred to production during 2020 for Crane Manufacturing? $1237700 $969500 $949700 $929900 Bramble Inc determined its unit variable cost increased by 21.0%. Which one of the following will NOT increase as a direct result? total costs total variable costs contribution margin the break-even point A company has total fixed costs of $190000 and a contribution margin ratio of 40%. How much sales are necessary to break even? $399000 $475000 $76000 $114000
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