Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

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

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

Study On The Auditing System Of Socialism With Chinese Characteristics

Authors: Jiayi Liu

1st Edition

111932470X, 978-1119324706

More Books

Students also viewed these Accounting questions

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago