During March 2021, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead Virginia Bay's overhead application rate is based on direct labor hours The preset formula for overhead application estimated that $282,000 would be incurred, and 8,900 direct labor hours would be worked During March, 11,000 hours were actually worked Use this information to determine the standard overhead rate Round to closest cent If sales are $820,000, variable costs are 55 of sales, and operating income is $260,000, what is the contribution margin ratio During FY 2020 Bay Manufacturing had total manufacturing costs are $438,000 Their cost of goods manufactured for the year was $431,000 The January 1, 2021 balance of Work in Process Inventory is $59,000 Use this information to determine the dollar amount of the FY 2020beginning Work in Process Inventory Round to a whole number (no cents) Annapolis Clothing Company manufactures quality boating attire The following selected financial information for the fiscal year 2020 is provided Sales $200,000 Cost of Goods Manufactured 56,000 Direct Material Purchased 80,000 Factory Overhead 20,000 Work in Process January 1 60,000 Work in Process December 31 30,000 Direct Material December 31 20,000 Finished Goods Inventory December 31 38,000 Net Income 30,000 Direct Materials used 60,000 Cost of Goods Sold 53,000 Use this information to determine the dollar amount of Annapolis Clothing's Finished Goods Inventory for January 1, 2020 Round to a whole number (no cents)

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During March 2021, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Virginia Bay's overhead application rate is based on direct labor hours. The

During March 2021, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Virginia Bay's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $282,000 would be incurred, and 8,900 direct labor hours would be worked.During March, 11,000 hours were actually worked. Use this information to determine the standard overhead rate.Round to closest cent.

If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?

During FY 2020 Bay Manufacturing had total manufacturing costs are $438,000. Their cost of goods manufactured for the year was $431,000.The January 1, 2021 balance of Work-in-Process Inventory is $59,000. Use this information to determine the dollar amount of the FY 2020beginning Work-in-Process Inventory. Round to a whole number (no cents).

Annapolis Clothing Company manufactures quality boating attire.The following selected financial information for the fiscal year 2020 is provided:

Sales - $200,000

Cost of Goods Manufactured - 56,000

Direct Material Purchased - 80,000

Factory Overhead - 20,000

Work in Process - January 1 - 60,000

Work in Process - December 31 - 30,000

Direct Material - December 31 - 20,000

Finished Goods Inventory - December 31 - 38,000

Net Income - 30,000

Direct Materials used - 60,000

Cost of Goods Sold - 53,000

Use this information to determine the dollar amount of Annapolis Clothing's Finished Goods Inventory for January 1, 2020. Round to a whole number (no cents).